Tectonic Shift in China: Xi Under Fire as China Realizes It Underestimated U.S. Trade Resolve

President Xi should have known better than to fuck with Trump on trade.

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Chinese President Xi Jinping is facing backlash from within the Communist Party over his hardline stance in the trade dispute with the United States, Reuters reported Thursday.

Reuters reports:

A growing trade war with the United States is causing rifts within China’s Communist Party, with some critics saying that an overly nationalistic Chinese stance may have hardened the U.S. position, according to four sources close to the government.

President Xi Jinping still has a firm grip on power, but an unusual surge of criticism about economic policy and how the government has handled the trade war has revealed rare cracks in the ruling Communist Party….

There is a growing feeling within the Chinese government that the outlook for China has “become grim”, according to a government policy advisor, following the deterioration in relations between China and the United States over trade. The advisor requested anonymity.
Those feelings are also shared by other influential voices.
“Many economists and intellectuals are upset about China’s trade war policies,” an academic at a Chinese policy think tank told Reuters, speaking on condition of anonymity due to the sensitivity of the issue. “The overarching view is that China’s current stance has been too hard-line and the leadership has clearly misjudged the situation.”

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Last Edited by LoneStarRising on 08/09/2018 08:59 PM