Professor Maslov confident that China will review foreign economic partners
Due to the pressure of the United States and the increase in tariffs on goods, China will be forced to review partners in the economic sphere. This opinion was expressed on the air of "Russia 24" Director of ICAA Lomonosov Moscow State University Alexei Maslov, commenting on the speech of the Minister of Foreign Affairs of China Wang Yi.
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📝 Summary
Due to the pressure of the United States and the increase in tariffs on goods, China will be forced to review partners in the economic sphere. This opinion was expressed on the air of "Russia 24" Director of ICAA Lomonosov Moscow State University Alexei Maslov, commenting on the speech of the Minister of Foreign Affairs of China Wang Yi.
He noted that if the tariff wars continue, China’s GDP growth will fall by at least 0.6%.” “Another factor that will certainly have an impact is the redistribution of world markets. Here, China will reassess its foreign economic partners, most likely intensifying cooperation with ASEAN countries, its closest neighbors. And it is possible that cooperation in the field of trade and with Russia, primarily agro-industrial products, will expand, Maslov said. He also did not rule out China’s increased trade with Brazil and Argentina. At the same time, as Maslov said earlier, the main vector of cooperation between Russia and China will not change.
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