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Wednesday, January 24, 2024

Is China an economic threat? - Pearls and Irritations

Is China an economic threat? - Pearls and Irritations America insists on treating China as an economic threat, but the reality is that China’s economic advancement has benefited us all. Instead, the stagnation of wages and manufacturing job losses experienced by Trump supporters in the US largely reflects the impact of technological change. For the best part of forty years, from the late 1970s until not long before the arrival of Donald Trump as US President, the West encouraged and welcomed the development of the Chinese economy. All that has changed, however, and the US now sees China as an economic threat rather than an opportunity.

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