US-China trade war as mutually assured destruction

[unable to retrieve full-text content] Analysts at Fitch Ratings aren’t looking out for China as they tiptoe up to downgrading Washington’s AAA credit rating. But written between the lines in bold font is how a US default would give Beijing the big trade war win Xi Jinping has been seeking. To be sure, China won’t love the paper losses on […] The post US-China trade war as mutually assured destruction appeared first on Asia Times.

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May 26, 2023 - 00:10
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US-China trade war as mutually assured destruction
[unable to retrieve full-text content]

Analysts at Fitch Ratings aren’t looking out for China as they tiptoe up to downgrading Washington’s AAA credit rating. But written between the lines in bold font is how a US default would give Beijing the big trade war win Xi Jinping has been seeking. To be sure, China won’t love the paper losses on […]

The post US-China trade war as mutually assured destruction appeared first on Asia Times.