Bakovic: ‘China will win now in a trade war’
Longtime special correspondent of Ljubljana Dela from Southeastern Asia and China Zorana Bakovic, presented an extensive analysis of a trade war between the US and China for N1. She is convinced that Beijing is ready to fight until the end where she will win.
– This is now a moment to be or not to be, China is able to show that the force that cannot go into relations with the second world superpower on the unequal leg and insists on that, the only surprise that Trump has prepared to China is the one that relates to his (un) consideration to his own economy and his own state, because China cannot believe that Trump is so much painful And to consumers and what America really dominated the world – a huge confidence in the American economy and the US dollar and stability of US government bonds, whose other owner in the world – said Bakovic.
She found that China had been preparing for the economic war since the first Trump’s term, but that she did not believe that Trump would go so far.
– The obsession in the United States is to stop Chinese growth and disable rival at global level, but the cinema strategy has been developing for a long time that in any scenario of a trade, financial or armed conflict raises the level of pain that America will suffer because of this and now shows that China has been quite ready to go into all this, not at all without danger that she has a deep wound to think of Beijing.
China plans to replace the loss of the US market so that it will deepen its own market and open the markets of neighboring countries. Perhaps in the future, economic cooperation between the EU and China may also occur.
She is convinced that China has an advantage over authoritarian and centralized economy management, which is by no means the case in capitalist America.
– China counts that it will raise economic nationalism in terms of « Let’s buy Chinese », which is already highly shown, and this economic nationalism will be very important for the most important step in the next few decades, which is the establishment of complete control over Taiwan. All this will be part of a project that China did not imagine that it looks like what it looks like at the moment, but it will certainly use it in the best possible way in its advantage – Bakovic said.
She found that Trump was still a kind of enigma to the Chinese.
– What is the only surprise for China is how it is possible, how it happened at all that the US came to the head of the US who does not know what he is doing and what it leads to or does it with an intention that is very difficult to understand to the Chinese – she explained.
She also added that the party intentionally holds the Juana course undervalued to help with the export competitiveness of the Chinese economy. He believes that the secret of future Chinese victory is that the US economy is more exposed to China than the other way around.
« In my judgment, China will come out as a winner like this or that, » the correspondent is convinced.
