There is an ongoing trade war and tensions between China and the United States (and possibly other Western countries). If these conflicts continue, what would be the multifaceted impacts of this trade war on contemporary Chinese society.

Analyze in the aspects of "Economy" and "Finance".

References (suggested):

• https://www.researchgate.net/publication/262917499_Local_State_Marketism_An_Institutional_Analysis_of_China's_Urban_Housing_and_Land_Market
• https://sci-hub.mksa.top/10.1080/00036846.2020.1733473

You may also conduct your own research for the answer.