5.) Currency war featuring declining FX reserves and RMB devaluation.
6.) Economic war evidenced by domestic economic slowdown across most sectors, most recently autos.
7.) Influence war whereby increasing numbers of Asian and African countries are questioning China investment and loan agreements.
That said, displacing China's preeminent role as the world's manufacturer and low cost supplier (still) for many products doesn't disappear overnight. They have plenty of standing and resources to wait out the remainder of Trump's administration and - they hope - to encounter China friendly leadership post-Trump.
Good pickups on the other wars. I would actually say China is the midst of its own Great Depression right now.
I think their strategies to wait out trump is misguided. By the time he leaves office, most of the manufacturing will have already moved out. For example, a recent poll for Japanese business have said 60% of them have already left or are leaving within the year.
What's the evidence for #7? I know there's been some grumbling in the US about belt-and-road initiatives, but always figured it could be a sour grapes type situation being pushed domestically.
6.) Economic war evidenced by domestic economic slowdown across most sectors, most recently autos.
7.) Influence war whereby increasing numbers of Asian and African countries are questioning China investment and loan agreements.
That said, displacing China's preeminent role as the world's manufacturer and low cost supplier (still) for many products doesn't disappear overnight. They have plenty of standing and resources to wait out the remainder of Trump's administration and - they hope - to encounter China friendly leadership post-Trump.