London, Britain – The British magazine “The Economist” revealed in a recent report that China has succeeded
in consolidating its position as an economic power capable of confronting American pressure.
Stressing that Beijing has learned in recent years the art of escalation and effective response without paying a heavy price.
Compensating the effects of customs duties
The magazine explained that the Chinese government has adopted deliberate policies to offset the effects of US tariffs and sanctions.
This is achieved by opening new markets in Asia, Africa, and Latin America,
and expanding the use of its national currency, the yuan, in global trade transactions.
The report added that the United States is now facing difficulty in maintaining its economic superiority.
At a time when China has been able to build a more resilient and adaptable production and trade system.
Effective compression tools
The magazine’s analysts pointed out that the trade war is no longer just a conflict over tariffs or exports,
but has turned into a battle for influence over leadership of the global economy.
Noting that Beijing has acquired effective pressure tools thanks to its industrial policies
and investments in technology and clean energy.
The Economist concluded that China’s position has begun to tip in its favour.
Having proven its ability to turn challenges into opportunities,
in the face of one of the most violent economic confrontations in the modern era.
