CEIBSProfessor of Economics and Finance Xu Bin points out that China’s surprising6.9% growth in 2017 has made it clear that US President Donald Trump’s AmericaFirst policy won’t hurt China as much as some may fear. An analysis of the datashows that the Chinese economy has delinked from the global one, no longerpowered by external forces such as exports and inward FDI. Instead domesticconsumption is the main driving force, pushed along by new technology, agrowing services industry and urbanization. It also helps that China has abuilt-in 3S advantage of scale, scope and the newest ‘s’ factor – speed.
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