TechFlow, April 21 — According to Jinshi Data, Clemens Fuest, Director of the Center for International Economics at Germany's Ifo Institute, recently told media that China holds an advantage in the current U.S.-China trade dispute because China does not heavily depend on trade with the United States and can redirect its exports to other markets.
The Ifo Institute calculated that if the U.S.-China trade conflict persists long-term, China's exports to the U.S. could drop by 80%, but China's overall foreign trade would only decrease by about 10%. Christian Dreger, Chief Economist at Germany's Kiel Institute for the World Economy, stated that the United States is isolating itself from the global trading system, while China continues to open its markets to the world, which similarly places China in a favorable position in the U.S.-China trade dispute.
