Part 3/10:
China's Economic Resilience and U.S. Strategies
One major concern was China's economic performance, with speculation that their economy was weaker than expected. Bessant refutes this, explaining that Chinese manufacturing has been in decline for seven consecutive months—a clear sign of economic slowdown. Despite this, China has attempted to offset losses by increasing exports elsewhere, especially to Europe, and depreciating its currency to maintain competitiveness.