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Xi’s tariff fight reveals China’s great divide
While the elites are energised, China’s blue-collar workers are feeling anxious.
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China has become less reliant on American consumers since US President Trump’s first trade war in 2018.
PHOTO: REUTERS
Shuli Ren
Follow topic:
How does an escalating US-China trade war affect people’s well-being? In China, it depends on who you ask.
Some are energised by the fight. Electric-vehicle makers are in hyperdrive, pushing out luxury new models, self-driving features and battery-charging technologies that allow drivers to recharge almost as fast as filling a petrol tank. Instead of selling cars to Americans, the likes of BYD are taking on Tesla in growth regions such as South-east Asia.
