US President-elect Donald Trump's plan to overhaul the government with a new department headed by tech billionaire Elon Musk and Indian-origin entrepreneur Vivek Ramaswamy will be a biggest threat for China as it has to compete with far more efficient US political system, a policy advisor to the Chinese government said.
China's biggest risk during Donald Trump's 2.0 would be US government overhauls driven by Musk and Ramaswamy, according to Zheng Yongnian, China's top academic and policy advisor to Beijing.
"A more efficient US political system would put huge pressure on China바카라s current system,바카라 Zheng, dean of the School of Public Policy at the Chinese University of Hong Kong바카라s Shenzhen campus, said while speaking at Baichuan Forum hosted by the Institute for International Affairs (IIA) on Saturday.
바카라Of course, the pressure is not exclusive to China but also others, especially Europe,바카라 he said.
Trump named Musk and Ramaswamy to lead a new Department of Government Efficiency (DOGE).
The duo has already planned to scrap 바카라thousands of regulations바카라 and reduce the size of the government workforce.
Zhena said, 바카라In the medium to long term, the greatest pressure on China may come from changes within the US.바카라
If Trump succeeds in his efforts to overhaul the government, the US would 바카라develop a new, more competitive system바카라, Zheng said, calling it a form of 바카라state capitalism with American characteristics바카라.
바카라I think we should not underestimate the institutional reforms prioritised by figures like Musk,바카라 he warned, the Hong Kong-based South China Morning Post reported on Sunday.
China is gearing up for Trump바카라s second term, beginning on January 20 next year, on several fronts, including his threat to impose a 60 per cent increase of tariffs on its over USD 427 billion annual exports to the US.
Trump, who acted tough on China during his previous term, is expected to reinforce measures against Beijing on various global fronts, including Taiwan and the South China Sea. China asserts Taiwan as part of its mainland and claims ownership over most of the South China Sea.
The Philippines, Vietnam, Malaysia, Brunei and Taiwan have counterclaims over the area.
To counter tough tariff increases by the incoming Trump administration in the US, China announced new policy measures on Thursday to back its export sector against 바카라unreasonable foreign trade restrictions바카라 and to create a 바카라good environment바카라 for its exports.
At the APEC Economic Leaders바카라 Meeting in Peru and the 20 summit in Brazil last week, Chinese President Xi Jinping during his meetings with a host of world leaders reaffirmed China바카라s commitment to promote 바카라high-standard opening up바카라 for investment and trade.
As part of new measures to open up, China on Friday added nine more countries, including Japan to its unilateral visa-free entry scheme, taking the total to 38.
Zhena said that to counter the US internal changes China should expand opening up countermeasures.
Zheng said Trump may damage bilateral ties with tariffs but 바카라he does not want to go to war with China바카라.
Trump's 바카라tariff stick바카라 against China under his 바카라America First바카라 policy approach would not only 바카라maximally바카라 damage bilateral relations but also sabotage the international trade system, he added.
However, geopolitics is more of a 바카라tool바카라 for Trump, according to Zheng, even though he expects him to continue to ramp up tensions around the South China Sea and the Taiwan Strait.
바카라He does not want to go to war with China,바카라 Zheng said, keeping in view China바카라s rapidly growing defence capabilities.
바카라Fully tapping into internal growth potential is something we must do바카라 in response to changes in the global environment, Zheng said.
Zheng expects China to speed up institutional reform to support the domestic market under its 바카라dual circulation바카라 strategy, which also seeks to reduce reliance on the West, as well as set up a unified national market.
To counter Trump's policies, Zheng has called for extending the unilateral openness by China to include US capital and citizens.
바카라In this way, those truly isolated바카라 would be the hardliners, Cold War advocates and anti-China factions in the US, he said.
바카라Although competition between China and the US is inevitable, we don바카라t have to be too afraid. But the core of the competition, we have to realise, is who is more open than whom,바카라 he said.
바카라The ultimate winner will undoubtedly be (the side that is) more open,바카라 he added. 바카라I believe we will certainly outperform the US,바카라 he said.
