Why Even Super-High Tariffs Can’t Stop China’s Economy 🌟
Have you ever played a game where someone tried to block you, but you found a way around it anyway? Well, that’s kind of what’s happening with China and tariffs! Let’s find out more.
What Are Tariffs? 🤔
Tariffs are like extra taxes that countries put on things they buy from other countries. Imagine if you had to pay extra for your favorite candy just because it came from somewhere else. That’s a tariff!
500% Tariffs? That’s a Lot! 😮
Recently, some countries talked about putting huge tariffs—like 500%—on things they buy from China. But guess what? A famous professor named Zheng Yongnian says even super-high tariffs like that won’t make a big difference!
Meet Professor Zheng Yongnian 👨🏫
Professor Zheng is the dean of the School of Public Policy at the Chinese University of Hong Kong (Shenzhen campus). He chatted with CGTN and shared some interesting thoughts.
“There’s no difference between 60 percent and 500 percent tariffs,” Professor Zheng said. “China’s economy has become stronger after eight years of trade conflicts.”
China’s Economic Resilience 💪
What does “economic resilience” mean? It means that China’s economy is tough and can handle challenges! Just like how you might get better at a sport by practicing, China’s economy has been growing stronger over the years, even with trade conflicts.
What This Means for the Future 🌏
Even with big hurdles, China keeps moving forward. It’s like when you keep trying your best, no matter what! This shows us the importance of being resilient and working hard.
The Takeaway 🎒
So, even if tariffs go up to 500%, experts like Professor Zheng believe it won’t stop China’s economic progress. Isn’t it amazing how determination can overcome obstacles?
Always remember, challenges can make us stronger! 💡
Reference(s):
500% tariffs will make no substantive difference: Renowned professor
cgtn.com
