China has won the trade war by using fiat money debt issuance according to Keynesian principles- unlike Germany and the west generally who have created a mongrel of monetary theory by applying neoliberal deregulation to remove the essential limits on fiat debt capital allocation. In the west capital (via lobbyists) directs governments. In China the government directs capital. Libertarians do not understand the potency of Keynesian monetary policy when it is applied with discipline and recognition of the principles that underpin its nature. Today China enjoys successive trade surpluses in large part due to its disciplined application of Keynesian fiat monetary theory.