James Alexander Michie: The rivalry of the never-ending, China-EE. UU | Bloomberg
Author: James Alexander Michie
The economic and military rivalry between EE. UU and China is just beginning and it should be noted that it is not going to end, since it is intensifying more and more, despite the current risky policy on tariffs.
Both countries have very different visions of both the world and their nations, in such a way that the United States tries to promote democracy and free markets to other nations, while China promotes a model of strong-arm growth, backed by Chinese President Xi Jinping, with hundreds of billions of dollars in loans for various projects in different nations of the world.
For many it is time to face China. Democrat characters attack US President Donald Trump, considering that he must be tougher on China or else this could damage the EE. UU. economy.
In search of what Xi Jinping calls “Chinese Dream” or “the great rejuvenation of the Chinese nation”, this nation now faces the United States face to face in advanced manufacturing and digital technologies, in addition to a notorious progress in defense. To achieve this dream Xi has set objectives to double the gross domestic product of his country, thus positioning China as a technological and competitive power under its Made in China 2025 program.
President Donald Trump believes that some of China’s commercial practices are alarming and that they even threaten national security. Meanwhile Xi sees the change of his economy as the fulfillment of China’s destiny
In the end, the economic struggle in the United States and China will probably depend on the global market. However, currently EE. UU It has a great advantage in different areas.
Take a read: https://www.bloomberg.com/news/articles/2018-07-04/beyond-the-trade-drama-u-s-china-rivalry-has-only-just-begun
Source: Brian Bremner | Bloomberg
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