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Maybe. So far, China has been able to get away with some stunningly protectionist policies. Keep in mind that there is a significant mercantilist/nationalist fa
by gamble 16y ago
Maybe. So far, China has been able to get away with some stunningly protectionist policies. Keep in mind that there is a significant mercantilist/nationalist faction in the Chinese government that sees the US as a declining power with little leverage over China and a history of accepting one-sided trade with Asian states.
They are also playing the long game on this one. It may be enough for now simply to own the resources, and only exploit their control on specific issues like the recent spat with Japan and American pressure on their currency.