Hold onto your crypto wallets, folks 🚀 – the escalating US-China trade drama just got a spicy reality check! Economist Guan Qingyou, president of the Reality Institute of Advanced Finance, recently torched claims that American tariffs could cripple China's economic rise.
'Think of China’s economy like a multi-level rocket – you can’t stop its ascent with protectionist duct tape,' Guan told CGTN. He argued that efforts to block China’s market access and manufacturing power are as outdated as dial-up internet 📠. Why? Global supply chains are now #TooIntertwined, and China’s tech innovation has already reached escape velocity 🛰️.
While the US imposed 301 tariffs on $18B worth of Chinese goods this year (mostly EVs and batteries), experts note that Beijing’s green tech dominance and digital economy (worth nearly $7T!) make containment a pipe dream. As Guan put it: 'Those betting against China’s competitiveness are playing a losing game of 4D chess.'
💡 TL;DR: In today’s globally connected world, economic walls ≠ winning strategies. Stay tuned for more geopolitically charged tea ☕.
