Politics

Chinese Media Calling for a ‘People’s War’ As Stock Markets Plummet

Hopes for a quick resolution to the ongoing trade war between China and the United States are quickly fading. If anything, tensions are dramatically increasing among Chinese media organizations, many of them closely linked to the government, calling for a “people’s war” against American “greed.”

A harsh editorial was published in the People’s Daily, the mouthpiece of the Chinese Communist Party, claiming that the United States is fighting from a position of “greed and arrogance.” Meanwhile, China is fighting for its “legitimate rights and interests,” according to the piece.

The editorial further stated:

“The trade war in the United States is the creation of one person and his administration who have swept along the entire population of the country. Whereas the entire country and all the people of China are being threatened. For us, this is a real ‘people’s war.’”

The editorial along with numerous statements and actions by government officials and media personalities mark a dramatic escalation in the propaganda war. If nothing else, it’s becoming clear that China won’t be backing down any time soon.

Meanwhile, stock markets around the world have taken a hit. The Dow Jones Industrial Average plummeted by more than 600 points, while the S&P 500 dropped over 2.4 percent on Monday. The Shanghai Composite Index lost only .69 percent, but is still down several hundred points compared to a month ago.

In total, it’s believed that stock markets have lost over $1.2 trillion dollars in value since tensions escalated. President Donald Trump has often used strong stock market performance as evidence of his administration’s ability to manage the economy.

The opinions expressed here by contributors are their own and are not the view of OpsLens which seeks to provide a platform for experience-driven commentary on today's trending headlines in the U.S. and around the world. Have a different opinion or something more to add on this topic? Contact us for guidelines on submitting your own experience-driven commentary.
Brian Brinker

Brian Brinker is a political consultant and has an M.A in Global Affairs from American University.

Join the conversation!

We have no tolerance for comments containing violence, racism, vulgarity, profanity, all caps, or discourteous behavior. Thank you for partnering with us to maintain a courteous and useful public environment where we can engage in reasonable discourse.

Watch The Drew Berquist Show

Everywhere, at home or on the go.

WATCH NOW