US–China Trade War Challenges CCP’s ‘Symbolic Legitimacy’: Analysts
Beijing’s escalating trade fight with Washington threatens to deepen its economic woes, but backing down risks the CCP’s hold on power, according to analysts.
By Dorothy Li
4/15/2025 Updated: 4/15/2025
News Analysis
China’s already sluggish economy is bracing for more challenging times as the ruling Chinese Communist Party (CCP) vowed not to back down from a fight with the United States on tariffs, according to economics and finance experts as well as small business owners inside and outside the country.
Part of the reason lies in China’s export-led growth model, they indicated.
“If the United States were to shut its market to China right now, it would be catastrophic for [China], because there simply isn’t another market globally that could replace the United States,” Taiwan-based macroeconomist Henry Wu told The Epoch Times in a recent interview.
“China won’t be able to pivot its products to Africa, the Middle East, or South America to compensate for the lost demand from the United States.”
Amid growing concerns over China’s economic prospects, Beijing has escalated its retaliation against the recent U.S. tariff hike on Chinese imports, increasing its levies on U.S. imports to 125 percent and blacklisting dozens of U.S. companies.
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READ MORE: https://www.theepochtimes.com/china/us-china-trade-war-challenges-ccps-symbolic-legitimacy-analysts-5841647?ea_src=frontpage&ea_cnt=a&ea_med=latest-news-posts-0
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