The Winner Of The US-China Trade Is Revealed
Beijing wins over Washington in the trade war. According to Bloomberg, China is ahead in almost all key indicators.
China's GDP for the second quarter of this year 2020 grew by 3.2% compared to the same period in 2019.
At the same time, the US economy shrank by 32.9% year-on-year.
It's worth noting that the Chinese national currency-the yuan-has been strengthening for eight weeks in a row. That is the longest period of growth since February 2018.
At the same time, the US dollar has been weakening recently.
The Agency notes that China is also far from fulfilling the obligations to increase imports from the United States, which were given to Washington. In this vein, America is also not a winner.
According to experts, it is only a matter of time before China's technology companies reach the top positions in the world. All attempts by Washington to prevent this have so far proved fruitless.
All the efforts of US President Donald Trump to "separate" the American and Chinese economies, thereby strengthening the position of his country, do not bring results, economists say. China is only becoming more self-sufficient.