China’s leaders sound supremely confident that they can win a trade war with President Trump.
“China is not afraid of a trade war,” the vice minister of finance, Zhu Guangyao, declared at a news conference to discuss possible countermeasures. More than once, he cited the history of the “new China” — which began its extraordinary economic revival four decades ago — as evidence that it would “never succumb to external pressure.”
Chinese officials seem to believe they can take advantage of what they consider vulnerabilities in the American political system.
As cited at:
Why China Is Confident It Can Beat Trump in a Trade War
https://mobile.nytimes.com/2018/04/05/world/asia/china-trade-war-trump-tariffs.html