Summary of Who Has the Most to Lose If China’s Trade Ambition Succeeds?

Looking for the article?
We have the summary! Get the key insights in just 5 minutes.

Who Has the Most to Lose If China’s Trade Ambition Succeeds? summary
Start getting smarter:
or see our plans

Rating

8 Overall

8 Importance

8 Innovation

7 Style


Recommendation

China’s rapid growth and its aspirations to compete with other major nations have disrupted economies around the world. Its industrial plan, Made in China 2025, focuses on the technologies of the Fourth Industrial Revolution, but the initiative challenges the advanced countries that dominate these sectors. In this accessible and insightful report for executives and policy experts, economist Tom Orlik analyzes China’s objectives as well as the potential impacts of the Trump administration’s tariffs.

In this summary, you will learn

  • What has led to China’s economic power,
  • What impacts its industrial plans for 2025 could have on its trading partners and
  • How an escalated trade war with the United States would affect both countries.
 

About the Author

Tom Orlik is the chief economist at Bloomberg Economics.

 

Summary

Trade tensions between China and the United States are rooted in the watershed event of China’s entry into the World Trade Organization (WTO) in 2001. American leaders then believed that an open-market policy would “bind China into the US-dominated global system.” China’s exports subsequently boomed, yet issues surfaced. Chinese manufacturing success depended on foreign components, potentially relegating the economy to the bottom of the global supply chain. At the same time, cheaper imports eliminated jobs in the United States and Europe, fomenting protest and populism.


More on this topic

Customers who read this summary also read

Creative Disruption
Creative Disruption
8
The End of China’s Export Juggernaut
The End of China’s Export Juggernaut
7
EU–China Economic Relations to 2025
EU–China Economic Relations to 2025
7
Trade War Brewing?
Trade War Brewing?
8
Europe in a New World Order
Europe in a New World Order
8
The China Triangle
The China Triangle
7

Related Channels

Comment on this summary