On the day he became leader, Xi Jinping gave a speech about his dream for China. “To achieve the China dream,” Xi said, “we must take a Chinese path.”
That path, Xi went on to say, was forged by decades of Communist rule and thousands of years of Chinese civilization. It’s a path that some in Beijing believe has led China straight into a trade war with the world’s largest economy.
“This trade war is not between China and the U.S.,” says economist Sheng Hong. “It’s a war between China’s most powerful political interest group on one side, while the U.S. and the people of China are on the other.”
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