The economics of the country have the most substantial impact for the country. The BBC explains the benefits that China has with the U.S, "Chinese imports explain 44% of the decline in employment in manufacturing in the US between 1990 and 2007, according to a report by the Institute for the Study of Labor in Bonn." That why fighting the U.S will hinder the Chinese economics substantially. The Chinese president says that “No one will emerge as a winner in a trade war”. This means that if the U.S.A or China would want to be the only leader in this new era of globalization, then both countries would suffer because they need each other to maintain the leadership …show more content…
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Laura TysonFollow @lauradtyson !function (d, S, Id) { Var Js, Fjs = D.getElementsByTagName(s)[0]; If (!d.getElementById(id)) { Js = D.createElement(s); Js.id = Id; Js.src = "//platform.twitter.com/widgets.js"; Fjs.parentNode.insertBefore(js, Fjs); } }(doc, Mirek Fatyga, Marcus J, Bb K, Stephan Edwards, B. Wilds, Rick Puglisi, Lucas Soorholtz, Carmen Reinhart, Joseph E. Stiglitz, and Andrés Velasco. "Adapting to the New Globalization." Project Syndicate. N.p., 08 Feb. 2017. Web. 03 Mar. 2017.
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