China's Economic Recovery Efforts Could Face Setback from Trump's Return
China's Economic Recovery Efforts Could Face Setback from Trump's Return
As China considers new measures to revive its slow economy, it faces a potential obstacle with Donald Trump's second bid for the U.S. presidency.
Trump’s recent victory comes with a strong stance against China, pledging to impose tariffs up to 60% on Chinese goods. This promise poses a challenge to President Xi Jinping's vision of transforming China into a global technological powerhouse, as Trump's win is likely to strain the relationship between the world's two largest economies further.
China's economic growth has been hampered by a slowdown in property prices, rising government debt, increasing unemployment, and weak consumer spending—a situation exacerbated since the COVID-19 pandemic.
