Trade war inactivity could bring ‘worst recession in recent Chinese history’

© Feng Yu

Professor of government at Claremont McKenna College Minxin Pei believes China could face the worst recession in its recent history. In a piece in the South China Morning Post, Pei says the country’s inability to “take the opportunity to do the right thing” during the China-US trade war will cost it “dearly”. Much of this failure, he continues, is down to government intransigence and its unwillingness to make political changes. But by continuing to distort economic growth, and keeping its hands on the reigns, he believes the government will simply achieve a bigger crash when it finally comes.