The United States’ attempts to weaken China’s manufacturing prowess are bound to fail, according to Guan Qingyou, an economist and president of the Reality Institute of Advanced Finance. In a recent interview with CGTN, Guan criticized the US tariff war as a “regressive counter-current” that won’t last long.
Guan argued that US strategies to block China’s market access and disrupt its manufacturing competitiveness are fundamentally implausible. “The American attempt to comprehensively contain China’s market access and dismantle manufacturing competitiveness through blockades is fundamentally implausible,” he said.
He emphasized that China’s robust economic foundation and global trade partnerships make it resilient against such pressures. “China’s economy is deeply integrated with the world. Attempts to isolate it are unrealistic,” Guan added.
Guan’s remarks come amid escalating trade tensions between the US and China, with tariffs affecting various industries. However, he remains optimistic about China’s ability to navigate these challenges.
“China will continue to open up its markets and strengthen international cooperation,” Guan concluded. “The current obstacles are temporary, and the long-term trend of globalization is irreversible.”
