During the trade wars, many people thought Xi had capitulated.
On this point, I would disagree.
The trade war was all for show. It was all political theater.
Trade wars are discussed right there in the textbook from school, and examples in history, all show the same thing. Trade goes down after the tariffs, and that is it.
Eventually, trade can go back up, after everyone gets used to the tariff.
The trade war did exactly what was expected. The excepted outcomes, really were not that significant.
Politically, people could spin it anyway they want. Realistically, the trade war never had a chance, because it was against what is theoretically correct.
It was like the American leadership did not understand the textbook. The Chinese side, had to be shocked. The CCP had to make sure, that those guys were actually serious! The irony is that those economic textbooks were all written by Americans, lol.
Xi Jinping, when he was a young cadre, was sent to the American midwest to learn about American farming and agriculture production.
The Americans taught him what they knew, and Xi took home a lot of notes and real knowledge. Then a few decades later, the Americans were telling Xi, what they taught him, does not work! Although Xi saw first hand what he learned from the Americans, worked great!
The trade war, all bullshit.
Those guys who started it, never read the textbook.
