Excerpt from China Just ‘Folded’ in the Trade War
by Gordon G. Chang:
https://www.gatestoneinstitute.org/21576/china-trade-war
Take aircraft parts. Beijing has ordered its airlines not to take delivery of Boeing aircraft, and the plane maker has now flown back, from China to the U.S., three 737-Max aircraft that were about to be delivered. Due to the long order backlogs at both Boeing and Airbus, this punishment imposes, as a practical matter, almost no cost on Boeing. Yet if Trump were to order Boeing not to deliver parts or provide services to Chinese airlines, China would soon have to ground a large number of its airliners.
China, in reality, is in no position to fight a prolonged trade war with a determined Trump. That is one of the Chinese vulnerabilities that became evident when Beijing began making concessions in the dark.
China is making significant trade concessions without saying it is making concessions. Xi is, to borrow the term of the day, “folding.”
https://www.gatestoneinstitute.org/21576/china-trade-war
