Xi should capitulate—not because US is right, but because China is vulnerable

This article by Nina Xiang originally appeared on China Money Network, the best data intelligence platform tracking China’s tech and venture capital markets (access requires subscription).

A camel, though dead, is still bigger than a horse—so goes a Chinese proverb. Such is an accurate depiction of the current US-China relationship.

America, a declining world power, can easily push China into a dead end, despite China’s economic rise over the past four decades. Xi Jinping should immediately capitulate in the trade negotiations, as this will inflict the least damage to China. For China’s long-term prospects, to accept US demands, instead of fighting against it, is the best course of action because China is currently too weak to afford any wars.

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