In a recent interview with CGTN, renowned professor Zheng Yongnian, dean of the School of Public Policy at the Chinese University of Hong Kong (Shenzhen campus), revealed an eye‐opening insight: there's no significant difference between applying a 60% tariff or a staggering 500% rate. 🤔
He explained that the dramatic jump in tariff levels is largely symbolic, doing little to change the fundamental dynamics of trade. Even after eight long years of trade conflicts, the economic resilience of the Chinese mainland has only grown stronger. 🚀
This unexpected twist is almost like a plot twist in your favorite series—a reminder that extreme numbers don’t always shake the game. Whether you're a student, a professional, or simply curious about global trends, this perspective invites us all to look beyond the headline numbers and appreciate the strength of underlying systems.
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500% tariffs will make no substantive difference: Renowned professor
cgtn.com
