The last thing Beijing wants is a trade war spoiling this positive dynamic. But should it happen, the Chinese economy is resilient enough to manage it.
After years of painful adjustment, the Chinese economy today is less dependent on foreign trade, and as the economy continues to expand while the country's debt growth slows, Beijing has a broader macro-economic policy space.
In the meantime, by deepening domestic reforms, promoting industry restructuring and diversifying its export markets, China is capable of turning a crisis into an opportunity for further economic progress.
For example, in Japan's trade war with the United States in the 1980s, Japanese industries were forced to lower their production costs and promote technological innovation. As a result, the country's exports resumed growth after a short period of stagnation. China could follow Japan's lead should a full-blown trade war occur.
Currently, the global economy is in the midst of a delicate recovery. Any protectionist or unilateral move -- such as the one taken by the Trump administration -- could stifle momentum and threaten a long-awaited return to growth.
Trade isn't a zero-sum game, something Washington ought to realize. If not, all parties will be dragged into the abyss of a conflict where no one emerges a winner.
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