China respects all parties resolving economic and trade differences with the United States through consultation on an equal footing, but it will firmly oppose any party striking a deal at China’s expense, its Commerce Ministry said on Monday.
China “will take countermeasures in a resolute and reciprocal manner” if any country sought such deals, a ministry spokesperson said, addressing news about the Trump administration preparing to pressure other countries to limit trade with China in exchange for tariff exemptions from the United States.
I’m not sure.
We are here mainly because the business leaders sold out the core of our economy to enrich themselves thanks to cheap labor of an at the time backwards China. They had the hubris to think the workers replaceable but the leadership somehow magic.
Now they increasingly see China business leadership clearly emerging as an independent force that puts pressure on them.
They spent decades helping China gain independent capabilities and it’s too late to claw that back
About the only thing they are really hurt by are the export controls on chips and chip manufacturing technology, but they are getting there. Yes there’s a crunch in their export business that will hurt, but it’s easier to cope with that than just not having the facilities to build the stuff you want or the expansive labor force.