As the drumbeats resound across China in celebration of the lunar new year, the government advisor, Dr. Wang, sounds a cautionary note in the festive air. The Trump administration’s threats seem to have fallen short of their mark, but the shadow of tariffs looms large over the US-China trade landscape. China, the world’s second-largest economy, is demonstrating an astonishing economic vitality, seemingly prepared to face Trump’s ‘repeat performance’. Electric vehicles, solar panels, drones—once American staples, now produced in China. Analyst Louis-Vincent Gave’s words seem like a slap in the face to those in a dream of China’s rise. ‘To win a tech war with China over 10-20 years when all the children being trained in technology are Chinese, that’s madness,’ he asks. Meanwhile, the US appears concerned about China’s AI technology, one hopes their worries are not misplaced. While China has shown resilience against US pressure, new tariffs are undoubtedly painful. And all this unfolds amidst China’s slowing economic growth, adding more pressure to Chinese leaders. It seems the festive feast is not as peaceful as it appears on the surface.
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