Trump and the US’ trade war agenda will fail to bring China down to its knees economically!
KUALA LUMPUR (July 2018): With the Donald Trump-led US bent on waging a protracted trade war with China, the rest of the world can only watch from the sidelines and initiate fiscal measures to alleviate whatever negative economic and business effects.
The million-dollar question is: Who, the US or China, will emerge as the more resilient economic power house.
It is now clear to the rest of the world that President Trump is bent on escalating the US-China trade war with his latest threat to slap 10% tariff on a list of US$20 billion worth of Chinese imports.
Trump’s aim is to bring China down to its knees economically, but that is most certainly not achievable.
China’s domestic and global trade and economy do not depend solely on the US.
Not only is China’s trade and industry diversified internationally, it is also an “independent” global achiever in science and technology.
And China has also launched and is in the midst of a massive infrastructure construction packaged under the multi-trillion-dollar Belt Road Initiative (BRI).
BRI, dubbed as the New Silk Route, will connect China to Asia, Europe, Scandinavian and Nordic countries, Southeast Asia, and Russia - linking borders by rail, roads, sea (ports) and air (airports).
The BRI project constructions are currently ongoing with the participation of at least 69 cities and countries inking agreements with China.
Trump and the US are trying to demonise China and Russia, China is being projected by the pro-US international media as a “slowing economy” and a “bubble economy that is bursting”.
"Figures and facts
--- The 13th Five-Year Plan of China (2016－2020)
The central government's commitment is aimed at making China a leading power in science and technology by the middle of the century, or around the 100th anniversary of the People's Republic of China.
---President Xi Jinping’s address at a biennial conference of the country's two top think tanks on May 31
Three-step goals: To develop China into an innovation-oriented country by 2020, to place China among top innovation-oriented countries by 2030, and to turn China into a technological innovation powerhouse by 2025.
--- Outline of the National Strategy of Innovation-Driven Development released by the Ministry of Science and Technology on May 23
--- The US-based National Science Board that advises the President and Congress on science and engineering policy issues. - CHINADAILY.COM.CN (for more, go to http://www.chinadaily.com.cn/china/2016latestscientficachievements/index.html