China adopts “calm attitude”…

This week, we’ve been highlighting China’s 9 Principles for Replacing America as the Global Superpower

  1. Don’t provoke a powerful adversary.
  2. Turn your opponent’s house on itself.
  3. Be patient to achieve victory.
  4. Steal your opponent’s ideas and technology.
  5. Target an enemy’s weak points rather than relying on an accumulation of brute strength.
  6. Beware political states that have a dominant influence or authority over others.
  7. Deceive others into doing your bidding for you.
  8. Establish and employ metrics for measuring your status relative to other potential challengers.
  9. Maintain a deeply ingrained sense of paranoia.These principles are excerpted from a book titled  The Hundred Year Marathon: China’s Strategy to Replace America as the Global Superpower by Michael Pillsbury.

Principle #1 – Don’t provoke a powerful adversary – was evident this week in the apparent escalation in the tariff dispute.

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Let’s recap the bidding….

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Somewhat unexpectedly, China unveiled tariffs on $75 billion worth of U.S. goods.

Mere hours later, Trump announced an additional duty on some $550 billion of targeted Chinese goods and “ordered” U.S. companies to get out of China.

U.S. Treasury Secretary Steven Mnuchin said Trump could order companies out of China under the International Emergency Economic Powers Act if he declared a national emergency. Source

Oops.

According to CNBC, the Chinese response via President Xi Jinping’s top economic adviser:

We are willing to resolve the issue through consultations and cooperation in a calm attitude and resolutely oppose the escalation of the trade war.

We believe that the escalation of the trade war is not beneficial for China or the United States.

U.S. companies are especially welcome in China, and will be treated well.

We will continue to create a good investment environment, protect intellectual property rights, promote the development of smart intelligent industries with our market open, resolutely oppose technological blockades and protectionism, and strive to protect the completeness of the supply chain.

In other words: Don’t provoke a powerful adversary.

Hmm.

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