China is not backing down as tensions escalate with the US, issuing a mock-proposal yesterday that the trade deficit would be easily closed if America sold expensive military equipment to Beijing.
C hina is not backing down as tensions escalate with the US, issuing a mock-proposal yesterday that the trade deficit would be easily closed if America sold expensive military equipment to Beijing.
“If the US sold four Ford-class aircraft carriers priced at $15bn (£11.4bn) each, it would easily make up for the $60bn trade deficit with China,” said the editorial in The People’s Daily, a Chinese state media outlet and Communist party mouthpiece.
The jibe hits at a sensitive area for the US and other Western nations long concerned with protecting intellectual property and preventing improper technology transfer to China lest Beijing gain a competitive advantage.
