SNAPSHOTS

China: Beijing Considers a Prudent Economic Response to U.S. Pressure

Oct 18, 2018 | 22:20 GMT

Rather than retaliating against U.S. companies in response to further U.S. tariff pressure, an influential Chinese economist is counseling prudence, a view that has adherents in China.

Chinese economic adviser Fan Gang in a speech at Tsinghua University counseled a less confrontational response to U.S. tariff pressure with an eye on the long term competition between the two powers.

(Stratfor)

Speaking at Tsinghua University on Oct. 17, Fan Gang, an economist, influential Chinese government adviser and former member of the People's Bank of China's Monetary Policy Committee, argued that China must not launch retaliatory attacks against U.S. business operations in China. He said this will only reinforce U.S. President Donald Trump's pressure campaign on the country, and that Beijing needs to maintain its connections with U.S. businesses, since those relationships now offers "the only voice" that can speak for China....

Keep Reading

Proceed to sign up

Already have an account?