09 November 2024, 22:00

Last modified: 09 November 2024, 22:01

China has already announced new measures to prepare for Donald Trump’s possible second term as president. The country plans to use billions of dollars to reduce local government debt and ensure it does not hinder economic growth. Meanwhile, Trump has proposed high import duties on Chinese goods and promised to impose rates of up to 60 percent. Trump’s victory could disrupt Xi Jinping’s plans to transform China into a technological powerhouse and further strain relations between the world’s two largest economies.