The China Trade Problem That Tariffs Alone Can't Fix
AI summary
China ran a $1.2 trillion trade surplus last year, many of its companies don't need to make a profit, and its exports are growing at two to three times the rate of the global economy. Michael Froman, former US Trade Representative under President Obama, explains why Xi Jinping sees a consumer-led economy as a political threat and what happens when China runs out of buyers.
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AI rationale
全球贸易环境存在不确定性，警惕相关产业链风险，观望宏观经济走势。
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