For years, the leader of China has planned to make the world dependent on its exports and know-how
Faced with Washington’s concerns about the trade imbalance, China could have opened its economy to more foreign companies, as it had pledged to do decades ago.
It could have bought more American airplanes, crude oil and soybeans, as its officials had promised Mr. Trump during trade talks.
It could have stopped subsidizing factories and state-owned companies that made steel and solar panels so cheaply that many American manufacturers went out of business.
Instead, Mr. Xi chose an aggressive course of action.
Put simply: China should dominate supplies of things the world needs, to make its adversaries think twice about using tariffs or trying to cut China off.
Kommentarer