U.S. President Donald Trump is fighting a trade war on all fronts, and that may not be bad for China, a lecturer at the London School of Economics said Thursday.
Washington has locked itself in trade disputes with many countries, which has weakened historic ties and prevented some of those nations from aligning themselves with China, Keu Jin, an associate professor of economics at LSE, told CNBC at the annual Forum of Barclays Asia in Singapore.
"Trump is fighting a front war. What could not be better for China? If there wasn't such a strong alliance with Europe, this is something China is more concerned about ̵
"Now Trump is not making this possible, so he is the worst option." But key negotiation points in trade negotiations include other issues such as intellectual property protection and forced technology transfer.
"This insists on China's pursuit of self-sufficiency, technological independence," Jin said.
On the one hand, China is developing its own chip industry to increase semiconductor production in the country, she said.
The country aims to produce 70% of its semiconductors locally by 2025 and increase investment in the sector. The Wall Street Journal also reported that the Chinese government has set up a $ 28.9 billion national semiconductor fund to invest in its chip industry.
"It will take some time and is very expensive. China is changing IT systems far from the West to adopt its own. We see some separation in some sense," she added.