China has one advantage over the USA.
She, unlike us, has a permanent government ran by one party. Which means, she plays the LONG GAME and can wait us out. A drop in their GDP might cause some pain, but what can their people do? They can’t vote the party out of power.
We on the other hand, have a government that rans in cycles. There is no guarantee that Trump will be the President after 2020.
Hence, China can hope that a bad economy and a tanking stock market coupled with high unemployment will cause ANOTHER administration to rise and hopefully, be more conciliatory to their trade demands.
[She, unlike us, has a permanent government ran by one party. Which means, she plays the LONG GAME and can wait us out. A drop in their GDP might cause some pain, but what can their people do? They cant vote the party out of power.]
https://en.wikipedia.org/wiki/Hua_Guofeng
And revolts by their subordinates:
https://en.wikipedia.org/wiki/Yuan_Shikai
Thats the reality of absolute rule - the threat is from ambitious subordinates who have carefully masked their ambition for the top spot in order to rise up the ranks.
Those are good points. However, China is no longer only populated by poor, uninformed farmers. The opposite edge of their economic sword is that the resulting prosperity has now created a generation of Chinese who have tasted modern life, and who might not be so willing to give it all up again for the good of the party. The ongoing unrest in Hong Kong, though not necessarily economically-related at the moment, certainly demonstrates a new willingness to push back against the central government.
[She, unlike us, has a permanent government ran by one party. Which means, she plays the LONG GAME and can wait us out. A drop in their GDP might cause some pain, but what can their people do? They cant vote the party out of power.]
https://en.wikipedia.org/wiki/Zhao_Gao#Coup_following_Qin_Shi_Huang’s_death
When Plato talked about the shadows in the cave, he might as well have been talking about the CPC leadership. There are all sorts of palace intrigues going on behind the walls of the leadership compound that we will never find out about (unless the regime collapses and the archives are released) and what we see are merely the shadows of those intrigues. Even momentous events such as the Tiananmen Massacre are just byproducts of power struggles that we will never know about directly. We can never hope to learn in real time what is really going on we can only guess at them from the shadows that we are seeing. Naturally most of the time we are going to guess wrong.