Analysis: China is armed and ready for trade war 2.0 with Donald Trump | CNN Business

Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter which explores what you need to know about the country’s rise and how it impacts the world.

Hong Kong CNN  — 

In the summer of 2018, when former President Donald Trump launched a trade war with Beijing, the Chinese economy was riding high. There was even talk it could soon overtake the United States as the world’s largest.

Now, with Trump months away from retaking office, what had appeared to be a juggernaut has been greatly diminished.

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