China is not afraid of a potential trade war with the US, analysts told Sputnik. While China does not want to fuel the Sino-American confrontation over new tariffs, Beijing has powerful economic leverage to curtail Washington's "offensive," analysts point out.
It would be unwise to underestimate China's economic might, Li Kai, a researcher at Shanxi University of Finance and Economics (SXUFE), told Sputnik China, commenting on the looming trade war between Washington and Beijing.
"Positions of the US, especially the Trump team, are really strong; they do not fear to damage themselves," Li opined. "[However], the US trade deficit with China remains huge for a long time and this must be taken into account. In response to the US' latest anti-Chinese measures, [Beijing] has taken countermeasures, but they are rather soft so far."
The researcher explained that China has many options to normalize the situation and reduce Washington's discontent over the US-Chinese trade deficit. However, that does not mean that China is weak: Beijing has enough capabilities and economic strength to respond to Washington.
"[Still] China acts according to the situation. This approach indicates the wisdom of President Xi Jinping's team," Li underscored.
Placing the emphasis on the US-Chinese economic controversy, US President Donald Trump does not want to deteriorate relations between Washington and Beijing, the researcher believes, stressing that the two sides need to solve the dispute at the negotiating table.
"Almost all observers name the Boeing Company as the main possible victim," Salitsky said. "It has quite serious plans in the Chinese market. It is going to sell almost a trillion dollars' worth of planes to China in the next few years. The Chinese can switch to Airbus, Boeing's competitor. American companies producing solar batteries will also turn out to be losers in the trade war, as they are cooperating closely with Chinese companies, which were subjected to additional import tariffs."
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