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Donald Trumps trade war hots up

CHINAS PROPAGANDA machine grinds slowly. But its output is nothing if not consistent. It took more than 24 hours for state media to report President Donald Trumps threats, tweeted on May 5th, to ratchet up tariffs on China. By that time Chinese stocks had already plunged, a foretaste of global market ructions. When the response finally came in official editorials, it was a familiar refrain from Chinas canon of trade-war statements: We do not want to fight, but we are not afraid to fight and, given no choice, we will fight.That sounds bellicose. Yet one lesson from the past years dispute with American is that China places more weight on the sentences first part, its desire to avoid a full-on fight. At multiple points when the Chinese government could have retaliated against America by targeting its businesses, it has instead tried to win them over, giving them better access to its market.
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