What is covered in today’s insight?
How is the West going after China (and why)
The Chinese options to retaliate
Consequences for Western businesses
INTRODUCTION
When UBS, the Swiss bank, forecasted that China’s economic growth would be halved if Trump returned to the White House and imposed a 60% flat tax on all Chinese imports, more than likely Beijing gasped.
The idea of China’s economy being derailed like that is unthinkable for the Chinese government, which has been in charge of its growth and development for decades.
However, possible futures aside, what has occurred in the last few months between the West and China, is just as significant for China’s economy and its place and position in the world.
