China Faces New 'Long March' as Trade War Intensifies, Xi Jinping Says
Source: businessinsider
Chinese President Xi Jinping on Wednesday called on the country to "make a new start" and signaled that the trade war with the US is far from over.
During a speech in China's southeast Jiangxi province, Xi told cheering crowds that the nation was embarking on a "new Long March" and encouraged the country to remain resilient in the face of hardship.
"Now there is a new Long March, and we should make a new start," Xi said Monday during his first national tour since the US-China trade war intensified this month with a series of tit-for-tat tariffs on billions of dollars worth of imports.
Xi's remarks had cultural significance for residents of Jiangxi, historically known as the starting point for the 6,000 mile trek referred to as the Long March of 1934, which eventually led to the ousting of the Nationalist forces by the Communist Party and the emergence of Mao Zedong as China's leader.
The Chinese president's recent actions have been interpreted attacks on US President Donald Trump as the trade war between the two nations rages on. On Monday, Xi was photographed at a rare earth magnet factory in eastern China, a highly publicized stunt that suggests China may be planning to weaponize its rare earth materials, which are used in a wide range of hi-tech US products such as smartphones and electric cars.
Read more: https://www.businessinsider.com/xi-jinping-china-is-ready-long-march-us-trade-war-2019-5
This is basically China calling for a no holds barred trade war with the US. NYT had the latest on this but subscription was needed
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