The Truth of the Matter China Weathers the Storm of U.S. Tariffs
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Apr 17, 2025 In this insightful discussion, Scott Kennedy, a senior adviser at CSIS and expert in Chinese business and economics, delves into China's resilient economy in the face of U.S. tariffs. He explains how China is reducing its reliance on American exports while boosting investments in Southeast Asia. Kennedy also examines technological advancements that bolster China's financial strength and explores the complexities of U.S.-China economic decoupling, revealing potential national security risks reminiscent of Cold War tensions.
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China's Recent Economic Stabilization
- China's economy has stabilized recently after slow growth and the pandemic impact.
- Despite challenges, China's trade surplus and stimulus efforts support steady economic conditions.
China's Reduced U.S. Trade Dependence
- China has reduced its dependence on U.S. exports and imports over recent years.
- Companies are adapting via investments in countries like Vietnam and India despite infrastructure challenges.
China's Resilience Amid Trade War
- China is more technologically capable and resilient now than years ago.
- The leadership sees this as an existential conflict and will endure pain to maintain strength.