China He climbed into the form in shape. Its economy grew to 5.4% in it first quarter, the greatest pace in a year and a half and several tenths above the forecasts. It is the last period outside the criminals American tariffs who will bite their economy, has already prevented Beijing, but it is preferable to fight with vigor than anxiety.
That 5.4% would allow, in a reasonable context, to advance that China will reach the annual growth “around 5%” that its government set in the recent Popular National Assembly. Any forecast is chimeric with crossed tariffs above 100% and other varied Guantazos. They will be fatal, that sure, but the damage is necessary to measure. Sheing Laiyun, senior official of the National Statistics Office, assumed Wednesday that this ecosystem “will exercise certain Pressures to international trade and the economy “of the country. But also ruled out the wreck:” The economic foundations are stable, resistant and with great potential, so we have courage, ability and confidence to deal with external challenges and achieve the established development objectives, “he defended.
Last year, China turned for its goal for the Sprint at the end of the year of the Exports. That engine is now presumed gripped after its last rales. These are, in fact, those who explain the freshness of the first quarter: the global factory hurried their shipments to USA before the encumbrances came into force. Chinese economic success passes, this time, for increasing the self -consumption. For more than a decade the government has proclaimed that was going to relieve exports as the main source of wealth but its plan has crashed into the secular Chinese saving drive drive. They have not scarce the fiscal stimuli and of varied types in recent years but experts judge that Trump recommend another twist.
Search for new markets
China needs more self -consumption and markets deeper. To the latter, Chinese diplomacy with its president at the head is used without pause. Today in Malaysia, second stage of his tour of Southeast Asia, Xi Jinping He has sought more allies against Trump’s unilateralism and matonism. The area unseated two years ago to the EU and the United States as the greatest destination of its exports. Today he fears, like Europe, that Chinese products that went to the United States come to them as an avalanche. That will not happen, Xi has promised.
The day has left the surprising relief of Wang Shouwen as head of commercial affairs by Li Chenggang. Wang is breed in a thousand battles and already dealt with the United States in the first Commercial War So it was foreseeable to repeat his role in the next negotiations. That bull will deal with Li as soon as Beijing and Washington give the formula to cited at the table without anyone being the defeated of the pulse. Negotiations will be a homicic task. In the previous commercial war, with positions much closer to the current ones, a dozen rounds were necessary.
“No one has cheated the US”
They are conducive days to immerse themselves in the Chinese press. It is often disdain as a simple propaganda without any value but its publishers are often a didactic exposure of Beijing’s argument. They prevent, for example, global confusion with Trump’s strategy. Today he asks the newspaper ‘China Daily’ to the United States to “stop whining” because no one “has scammed” in global trade. “The problem is that has lived above its possibilities For decades. Consumes more than it produces. Ha Externalized its production and request money to achieve some higher life standards of which its productivity allowed it. No one has cheated the United States but has set up free on the train of globalization, “the morning reasons.
In another editorial, with similar clarity, alerts to the UE that his “appeasement strategy“Trump’s pressure will not reduce the morning pressure to the European proposal of” zero rates “that Washington has already rejected with demand for additional energy purchases of 350,000 million dollars annually.” That movement will make happily the United States energy giants, great donors in the presidential elections, but has generated great criticisms of experts and environmental groups for the European dependence on the European dependence on the European dependence on the European dependence on the European dependence American fossils, “says the newspaper.
