In a new escalation of the trade war, China has begun using "economic heavy artillery" in response to the policies of American President Donald Trump, pushing the conflict between the two economic powers into a more dangerous and complex curve.
China is no longer satisfied with limited responses; it has taken broader strategic steps, such as reducing its investments in U.S. bonds and tightening restrictions on American companies operating in the Chinese market. It has also started to strengthen its trade alliances with other countries to reduce its dependence on the American market.
Chinese moves show that it is no longer willing to play the role of the receiving party; rather, it is engaging in its economic battle with bolder and more effective methods. With no signs of a near de-escalation, it appears that the trade war between China and the U.S. has entered a sensitive phase that could reshape the contours of the global economy for years to come.