China is cementing its status as the world’s dominant trading nation, confounding warnings that a once-in-a-century pandemic combined with simmering tensions with the US would derail that status.
Browsing: Xi Jinping
Donald Trump, Covid-19 and an increasingly truculent Xi Jinping means there is no such thing as certainty in the world of business and politics. Everyone needs insurance.
Just a few days ago, the TikTok deal looked like a win for China. Now its state-run media are denouncing it as “an American trap” and a “dirty and underhanded trick”.
China is planning a sweeping set of new government policies to develop its domestic semiconductor industry, conferring the same kind of priority on the effort it accorded to building its atomic capability.
Politicians and pundits say the world’s largest economies are bound for a seismic “decoupling”. Yet, with businesses harbouring long-term ambitions for these two giant markets, breaking up may be hard to do.
The UK is heading for a damaging showdown with China as it takes on Beijing over Hong Kong and Huawei Technologies.
US secretary of defence Mark Esper warned that Beijing is moving further outside the international order and that allies using Chinese technology risk undermining Nato.
US President Donald Trump is poised to sign a deal with China on Wednesday that for the first time would punish Beijing if it fails to deliver on pledges related to its currency, intellectual property and the trade balance.
The Chinese government is taking further steps to remove foreign technology from state agencies and other organisations, a clear sign of determination for more independence amid escalating tensions with the US.
China has said it will raise penalties on violations of intellectual property rights in an attempt to address one of the sticking points in trade talks with the US.