China has long been steeling itself for Liberation Day
As Washington readies new trade barriers, Beijing has been accelerating its plans to reduce reliance on exports to the United States for economic growth.
Tokyo | As nations and investors brace for Donald Trump’s sweeping new tariffs that could ignite a full-blown global trade war, one of his likely biggest targets is holding its nerve.
China has been reducing its trading dependence on the United States since the last tariff war with Trump five years ago. Far from crippling the world’s second-largest economy, Washington’s aggressive trade measures have been a catalyst for Beijing to accelerate domestic economic reforms, say experts.
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Jessica Sier is the North Asia Correspondent for The Australian Financial Review. She is based in Tokyo, Japan. Jessica has previously written on technology, global capital markets and economics. Connect with Jessica on Twitter. Email Jessica at jessica.sier@afr.com
