Ex-China mouthpiece hits back at US, says “we’re curious to see who holds out longer”

Just treat this with a pinch of salt (considering Hu is the one commenting) but it does provide some food for thought as to how China looks to be approaching this matter. He isn’t the first to speak these words as we’ve heard from many nationalists already that the strategy here is to not give in to Trump’s threats.

“Here’s the thing: China needs America’s money, but US needs Chinese goods more. China isn’t as desperate to reach a deal as you make it sound—seems like it’s you who’s more anxious. Otherwise, why do you keep going on about it? We’re curious to see who holds out longer: a country that prints money or a country that manufactures goods?

By the way, China is a nation of savers, while US is definitely not a nation of stockpiled goods. Your rare earth reserves might only last a few months.”

For some context, Hu is also still trying to make back his name after having received plenty of backlash last year for “violating the political discipline of the party” during one of his commentaries in analysing China’s economic strategy.

So, keep that in mind when reading the remarks above.

But again, it does speak to the idea that China appears more than happy to just hunker down and wait out the storm rather than allow Trump’s threats and tariffs to overpower their resolve.

This article was written by Justin Low at www.forexlive.com.