People walk past a poster featuring Chinese President Xi Jinping with a slogan reading "Chinese Dream, People's Dream" in Beijing. Xi’s medium-to-long-term plans, in particular its plan to move up the value chain and compete directly with the US in manufacturing through the Made in China 2025 campaign, are the true targets of the US trade war, rather than trade imbalances. Photo: AFP
People walk past a poster featuring Chinese President Xi Jinping with a slogan reading "Chinese Dream, People's Dream" in Beijing. Xi’s medium-to-long-term plans, in particular its plan to move up the value chain and compete directly with the US in manufacturing through the Made in China 2025 campaign, are the true targets of the US trade war, rather than trade imbalances. Photo: AFP