‘Fight’ with US will continue to spread for years even with trade war tariffs deal, China economist Lian Ping warns
- Disputes in non-tariff and in non-trade areas such will continue regardless of talks between President Xi Jinping and American counterpart Donald Trump
- Competition in a wide range of sectors highlighted by arrest of Huawei Technology chief financial officer Sabrina Meng Wanzhou in Canada
The ongoing trade war between China and the United States will continue to exist in non-tariff form and also break out into non-trade areas even if President Xi Jinping and American counterpart Donald Trump reach a deal by March’s deadline, a prominent Chinese economist warned on Wednesday.
“It’s not a matter whether there will be a fight between the two countries, but how they will fight,” said Lian Ping, chief economist of the Bank of Communications (BOCOM), the country’s fifth largest lender.
“No matter if [relations] are tense or not, their struggles will continue over the long run.”
Lian is one of a growing number of voices in Chinese academia and Beijing policymaking circles saying that there is a fundamental competition between the two powers in a wide range of sectors.
This has been highlighted by the recent arrest of Huawei Technology chief financial officer Sabrina Meng Wanzhou in Canada at the request of US for allegedly violating sanctions against Iran.