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

In the summer of 2018, when former President Donald Trump launched a trade war with Beijing, the Chinese economy was gaining on the United States, and popular opinion suggested it could soon become the world’s largest. Now, with Trump months away from retaking office, China’s economy has been greatly diminished. Contending with a property, debt and deflation crisis, China doesn’t look ready for another fight.