Snapshots

Rather than retaliating against U.S. companies in response to further U.S. tariff pressure, an influential Chinese economist is counseling prudence, a view that has adherents in China.

Though Beijing could make life harder for U.S. businesses in the Chinese market in response to U.S. tariffs, it is exercising caution in order to maintain the benefits of close ties to U.S. companies.

China: Beijing Considers a Prudent Economic Response to U.S. Pressure

Highlights

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China

Economics

China in Transition

Speaking at Tsinghua University on Oct. 17, Fan Gang, an economist, influential Chinese government adviser and former member of the People's Bank of China's Monetary Policy Committee, argued that China must not launch retaliatory attacks against U.S. business operations in China. He said this will only reinforce U.S. President Donald Trump's pressure campaign on the country, and that Beijing needs to maintain its connections with U.S. businesses, since those relationships now offers "the only voice" that can speak for China.

SNAPSHOTS

China: Beijing Considers a Prudent Economic Response to U.S. Pressure

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