A sense of nationalism is growing in China, and that could bolster support for those hoping to wait out the trade dispute with the U.S., said Max Baucus, a former American ambassador to China.
, and that could bolster support for those hoping to wait out the trade dispute with the U.S., said Max Baucus, a former American ambassador to China.
"Don't forget … Chinese very patient historically, they'll wait it out, they'll play lots of different angles. They're going to try to hang in there, waiting for President Trump to come to them," he told CNBC on Monday. "There's a feeling that nationalism is getting a little stronger … I think that's also emboldening President Xi," said Baucus, who served as ambassador to China from February 2014 to January 2017, under former President Barack Obama's administration.
The Chinese are afraid to reach a deal with this president — it may not last, they can't count on it, he might change his mind again.In fact, the sentiment on the ground in China is that Beijing could be in it "for the long haul," he said. "The Chinese beginning to want to wait out Trump," said Baucus. He added that China might be perceiving that the U.S.
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