Beijing is more worried about domestic issues than its trade war with Washington, research firm says

According to a survey company, the heightened trade tensions between China and the US over the past several months may be important news, but the tariff war is not the most pressing issue in Beijing.

London-based consulting firm TS Lombard said last week's survey report said domestic concerns will be given higher priority

"For the leaders of China, to stabilize the domestic economy, promote the 'Made in China 2025' modernization plan, keep the power structure established by China's President Xi Jinping, chairman Jonathan Fenby proposed by the Communist Party It is written in the report

Nonetheless, trade conflicts that confused the world market in the last few months and worried the business world also had an impact. Fenby admitted that the White House news "disturbed the plan of Beijing and hesitated to participate again in spring negotiations," US President Donald Trump has "overturned".

At least one attempt to resume negotiations has been tightening since the failure of bilateral trade negotiations between the two countries

In relation to this, Trump invited trade authorities earlier this month to consider raising the proposed tariff on Chinese goods from the original 10% to 25%. This movement was achieved against the backdrop of renminbi depreciation and the exchange rate of the yuan against the US dollar declined by about 5% since June.

If the US continues to impose more tariffs on Chinese products, China will impose a US $ 60 billion tariff on US imports on Friday, at a tax rate of 5% to 25%.

In the fringe policy, analysts said that as the government is not subject to domestic political pressures, like the US government, China could become a party with a low possibility of backwards.

Fenby wrote that the other reason Beijing is expected to stick to is related to the leadership of the country who believes in a party-led system to enforce the conflict. This is "more important ... by requiring the United States to reduce national participation and not to weaken its dominant mechanism," he added.

"Defending the Party's country is a top priority for Xi Jinping and it will be a boycott of leaders' requests for the US These demands will go against the power structure they live."

"The impact of the trump trade war on economic growth will be dealt with, China's economic growth slowed towards growth, but if aggressive fiscal and monetary policy can not maintain good support for aggregate demand There is no way, "the report said. Said. "But since the new tariff and retaliation will lead to a trade dispute that will enter next year, the policy will undoubtedly remain unchanged."

The investment strategy research firm believes that the growth rate of China has decelerated to 3% in the second half of the year and the average annual growth rate of 5%. In the second quarter of 7% GDP growth in July the world's second largest economic power

TS Lombard said stock markets are expected to continue to be subject to pressure due to a sharp increase in trade disputes. At the close of Friday, the benchmark Shanghai Composite Index fell more than 17% annually.

US assistance to Taiwan remains an important issue between Washington and Beijing. "Compared to economic problems and trade problems, the Taiwan issue is Beijing's top priority and it is politically sensitive," Liu Fuguo, an expert at the National National University of Taipei, told Bloomberg on 13th March It was. The Trump regime told China that he can not participate in international military exercises (RIMPAC) in the Pacific Rim region held in Hawaii. With this exercise, 22 countries of RIMPAC were able to practice navigation and operation together. The Obama administration urged China to participate in two exercises to encourage China to stop such positive behavior in the South China Sea in 2014 and 2016.

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