If Trump Restarts the Trade War, Xi Jinping Might Be Forced to Rely on Domestic Demand to Boost the Economy — Mandarin Homepage.pdf (463.2 Kb)
https://www.rfa.org/mandarin/yataibaodao/jingmao/jw8-trump-xi-jinping-trade-war-11192024144347.html
This article mentions that during the last trade war, China addressed the economic crisis by exporting goods to third-world semi-colonial countries and Russia. If Trump comes to power and restarts the trade war, along with the sharpening conflicts among imperialist countries, the direction of their alliances seems to be gradually becoming clearer. For example, France is preparing to dispatch a carrier group to the Asia-Pacific, promote Japan’s national defense construction, and lead efforts to resist Chinese new energy vehicles. Naturally, it is no longer possible to allow Chinese imperialism to seize its sphere of influence through “peaceful” means.
Looking at it this way, the likelihood of a world war breaking out during Trump’s term seems quite high. However, whether or not a world war occurs, it is certain that the contradictions between China and the United States will reach a new peak during Trump’s tenure.
The measures encouraged by this Radio Free Asia, such as “improving the social security system and increasing investment in medical and educational sectors,” are essentially like trying to stop a leak with a sponge in China’s economic situation; they cannot achieve the desired effect of a prosperous China. First, most of the funds for social security and medical education come from the people’s taxes. Increasing investment in these sectors primarily means increasing exploitation of the people, which will only further lead to a decline in consumption and excess goods. Second, social security and healthcare are mostly non-productive sectors; expanding investment in these industries will only reduce the amount of products produced by society and crowd out investment in productive industries. This will cause imbalance in the development of various industries and further lead to the contraction of industry and agriculture. It will make the declining economy even more unbalanced.