China pushing strongly for globalization drive
US using 'brute force' to compel others to fund its trade deficit
As the United States "walks away from its responsibility as a major power to advance open global trade" by engaging in a tariff war, China is doubling down on its efforts to boost globalization and free trade by reinforcing partnerships with key economies around the world, said a senior economist.
"The US believes that it has been shortchanged in the current trading system, and has therefore initiated a tariff war, with the possibility of escalating to currency wars, financial wars and tech wars," Zhang Yansheng, a researcher at the Chinese Academy of Macroeconomic Research, told China Daily in an exclusive interview.
The US is attempting to disrupt the global trade order in a subversive manner, largely seeking to use "brute force and the law of the jungle to compel other countries to foot the bill for the US' trade deficits", Zhang said.
