China using Russian strategy in trade war with America

RNG

Moderator
Jan 2015
14,114
9,858
Left coast
#1
Basically, several experts think China will simply devalue their currency (even more) to minimize the effect of tariffs and just wait it out. That was Russia's strategy and it was quite successful. That is successful for a government that doesn't have to worry about getting elected so can ride out the short to medium term recession it will cause.

You can read the analysis leading to this conclusion here: https://www.axios.com/chinas-coming-russian-counter-strike-62c4ffa3-5290-46d7-844e-4ad8e88f880b.html
 
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