- “China does not want a trade war but is not afraid of it,” Geng Shuang, a spokesman for the Chinese Foreign Ministry, told a press briefing on Monday. “We will not succumb to any external pressure and have the determination and ability to safeguard our legitimate rights and interests.”
Background: Heading into 2018, China’s long-held philosophy had been to speak softly and carry a big stick. Its military was working to dominate Southeast Asia by land and sea, it was growing its Belt and Road Initiative globally and making loans to low-income countries to win friends and strategic allies.
- As Trump began his confrontation, China agreed to many concessions, including buys of more U.S. goods, pulling back cyber-espionage, amending the law to ban forced technology transfers and cracking down on IP infringement in order to get “a bit of elbow room,” Keyu Jin, associate professor of economics