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We need to talk about China as global economic tensions remain high

Chinese govt made important mistakes during pandemic. It chose to support Russia in its invasion of Ukraine in 2022. Embracing nationalism, it chose hostile behaviour against India in 2017 and 2020

china, trade, chinese, trump tariff, us-china
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A big part of the Chinese economy was a real estate ponzi scheme, with millions of households blindly buying real estate because they were convinced that prices would only rise. (Illustration: Ajaya Mohanty)

Ajay ShahRenuka Sane

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The world has been consumed by the international relations theatre and discussions of economic statecraft after American President Donald Trump’s “Liberation Day”. The tariffs imposed by the United States (US) and the retaliatory measures by China have turned into a trade war between the two giants, and a great deal of disruption for all other countries. As the true impact of the tariffs begins to hit American consumers and businesses, the Trump administration has started to feel the heat from domestic constituencies. There is a possibility of a rollback of the new tariffs even without Chinese concessions. The reversal of
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