To Huang, as he makes very clear, the trade war that is ongoing is a fight to the death, an inevitable outcome in a fight between two systems. Paraphrasing Mao Zedong, he urged Chinese business people to shed their illusions and prepare for struggle. China is the rising power. The United States is the aging hegemon, and China's rise will be sustained. Quote, at this time, the socialist road with Chinese characteristics is obviously more competitive than the US Economic system, he declared. Such confidence are not just his words. (04:30–04:38)
CLAIM
Asserts that China is a rising power while the U.S. is declining.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
