BEIJING: As the United States “walks away from its responsibility as a major power to advance open global trade” by engaging in a tariff war, China is doubling down on its efforts to boost globalisation and free trade by reinforcing partnerships with key economies around the world, according to senior economist.
“The United States believes that it has been shortchanged in the current trading system, and has therefore initiated a tariff war, with the possibility of escalating to currency wars, financial wars and technology wars,” Zhang Yansheng, a researcher at the Chinese Academy of Macroeconomic Research, told China Daily.
