German economist: China has an advantage in the Sino-US trade dispute

Mars Finance News: According to CCTV as cited by Jin Shi Data, Fleck, director of the International Economic Research Center at the Ifo Economic Research Institute in Germany, recently told media that China holds an advantage in the current China-US trade dispute because China's trade dependence on the US is not strong, and China can redirect its exports to the US to other markets. The Ifo Economic Research Institute calculated that if the China-US trade dispute continues for a long time, China's exports to the US may decline by 80%, but China's overall foreign trade would only decrease by about 10%. Hentz, chief economist at the Kiel World Economic Research Institute in Germany, stated that the United States is isolating itself from the global trade system, while China continues to open its market to the world, which also puts China in an advantageous position in the China-US trade dispute.