For Beijing, more needs to be squeezed from the private sector, which is already absorbing a weakening spending power among domestic consumers. Photo: Simon Song
Zhang Lin
Opinion

Opinion

Zhang Lin

Why Beijing will sacrifice its middle class in trade war with Donald Trump

Interests of growing class with sympathies for free market and Western aspirations will suffer to protect China’s political model and state-controlled economy

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For Beijing, more needs to be squeezed from the private sector, which is already absorbing a weakening spending power among domestic consumers. Photo: Simon Song
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