The trade war, triggered off by US president Donald Trump, is about much more than trading commodities. The real struggle is about technical leadership between China and the US, says leading economist Arthur Kroeber, author of China’s Economy: What Everyone Needs to Know® to the Los Angeles Times.
The Los Angeles Times:
“Consensus is growing in Washington that the U.S. is in a race with China for technical leadership,” Arthur Kroeber, managing director of Beijing research firm Gavekal Dragonomics, said he recently told clients. And some think “economic cold war is the answer.”
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