Xi Jinping risks setting off another trade war
Why Western politicians should prepare for a second “China shock”
China’s leaders are obsessed with lithium-ion batteries, electric cars and solar panels. These sorts of technologies will, Xi Jinping has proclaimed, become “pillars of the economy”. He is spending big to ensure this happens—meaning, in the years to come, that his ambitions will be felt across the world. A manufacturing export boom could very well lead to a trade war.
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This article appeared in the Finance & economics section of the print edition under the headline “Steel yourself”
Finance & economics January 13th 2024
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