The punitive American tariffs aim more at checking Beijing’s technological ambitions and less at reducing the US trade deficit. Washington’s long-term fear is that China seeks to dislodge the US from its global primacy.
Since July 6, 2018, China and the United States have been engaged in a trade war. No matter who wins the trade battle at the end, the US is in danger of becoming a big power with a damaged prestige sustaining a shaky liberal world order.
Almost daily the US mainstream media report that the Democratic Party opposes everything President Donald Trump does or wants to do. Everything that is except Trump’s tough stance on trade with China! They agree with it. They even applaud it.
China is keen to gain access to ports worldwide, as most of its exports are delivered by sea. By building port terminals and logistics centers, China can simultaneously increase its control over the supply line of its exports and use several international seaways for trade.
In late 2017, the Standing Committee of the National People’s Congress issued an Advisory Interpretation for the very first time. It arose from the intense debate about establishing joint Hong Kong and Mainland immigration facilities at the new Hong Kong High Speed Rail station.
Considering the historical dominance of US companies in the telecommunication semiconductor business and the software platforms powering smartphones, there is a legitimate concern as to whether Huawei can survive the US sanctions.
With the launch of the Belt and Road Initiative, China’s international profile in education and research is going up. This phenomenon can be termed geo-intellect, a subset of China’s global power project.
At the second Belt and Road Forum, Chinese President Xi Jinping attempted to allay growing complaints that the BRI was a predatory debt trap and said that China would promote high financial and environmental standards to steer its projects.
Xi Jinping Thought is a product of its time. China is maturing as an economic identity and is also indigenizing and entrenching its model of development. The philosophy appears to be a response to that maturation and emergence as a major power.