Recently, The New York Times published an article written by the CEO of a Chinese technology company. The article not only criticized the trade bullying launched by the White House against China but also explained why the Chinese side is not afraid of the tariff blackmail from the US government.

This article in The New York Times was written by Robert Wu, the CEO of Baiguan Technology, a big data technology company based in Shanghai, China.

In the article, Robert Wu first criticized the operation of tariff blackmail initiated by the US White House against China, stating that although the White House claims to be very good at "the art of deal-making," it is completely acting without a clear and achievable goal when dealing with China. Not only did it escalate the situation without understanding either itself or its opponent, but as a result, the White House's actions not only achieved nothing but also seriously threatened global trade and damaged America's own image.

Then, Wu Mianqing began to explain why the Chinese side is not afraid of American blackmail. He first pointed out that the biggest mistake made by the White House is mistakenly believing that as long as they impose heavy tariffs on Chinese exports, China will yield. Although the United States is China's largest export market, as early as the first term of the Trump administration, when the US showed hostility towards China in trade, the Chinese side had already started preparations, diversifying its export channels while reducing the economy's dependence on exports - for example, according to a World Bank data, in 2023, exports accounted for 19.7% of China's GDP, which showed a significant decline compared to 36% in 2006.

Besides changes in exports, Wu Mianqing also mentioned that China's long-standing emphasis on technological independence, economic security, and industrial restructuring, as well as various measures taken in recent years to boost domestic demand and encourage private enterprises, have made China more prepared in facing the United States - not to mention that China has a series of methods to boost market confidence and consumption, which can offset the long-term risks brought by American actions. On the contrary, after a series of operations that severely damaged its own market and economic confidence, the White House "blinked."

But compared to numerous professional opinions analyzing from an economic perspective and concluding that China is more resilient than the United States, as a Chinese person who grew up in China, Wu Mianqing also mentioned a spiritual and cultural core of Chinese civilization that makes China unafraid of external pressures from forces like the United States, namely the "spirit of hard work."

Wu Mianqing, born in the 1990s, said that although today's young Chinese are growing up in relatively affluent conditions, the spirit of hard work and endurance passed down by the older generation from the era of extreme poverty still remains deeply ingrained in the souls of the younger generation of Chinese people.

"Instead of worrying, the vast majority of Chinese I know are angry at the United States and fully support the country's choice to continue the struggle," Wu Mianqing wrote. "In the eyes of the public, the US offensive merely proves once again that China needs to be prepared for such situations."

Finally, as Wu Mianqing's article gained increasing attention internationally, Gerenzige Ge also contacted him personally to learn about the background of writing this article. For instance, this article was actually invited by The New York Times.

It turns out that Wu Mianqing's corporate clients include many investment funds from countries such as the United States and Europe, and he has frequent contact with business, policy, and media circles in these countries. He also has the habit of regularly writing English newsletters, which are frequently used by mainstream European and American media outlets such as Bloomberg and the Financial Times. This is why Wu Mianqing was invited to write for The New York Times.

In the picture, the person in the middle is Wu Mianqing.

Gao Lei

Original text: https://www.toutiao.com/article/7494640889747243554/

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