Beijing Is Girding for a Longer Fight, Says Peking University's Balding

The transcript discusses the confusion among economists regarding the potential impact of tariffs imposed by President Trump, ranging from 34 billion to 505 billion. It highlights the credibility of Trump's threats and the possibility of further escalation in tariffs by both the US and China. The discussion also covers China's internal economic adjustments, such as easing restrictions and increasing consumer credit, as it prepares for a prolonged trade conflict with the US.

What is the range of tariffs that economists are uncertain about?

• 10 billion to 100 billion

• 100 billion to 600 billion

• 34 billion to 505 billion

• 50 billion to 500 billion

What has President Trump proven credible in doing?

• Reducing tariffs

• Increasing exports

• Negotiating trade deals

• Implementing tariffs

What actions might China take in response to US tariffs?

• Decrease tariffs

• Increase tariffs and impose stricter regulations

• Negotiate a trade deal

• Ignore the tariffs

What internal economic changes is China making?

• Halting real estate development

• Reducing consumer credit

• Increasing real estate starts and consumer credit

• Decreasing land sales

What is the growth rate of consumer credit in China?

• 15% per year

• 20% per year

• 10% per year

• 25% per year