As the White House pushes on with sweeping export restrictions to contain China’s rise, Beijing is starting to retaliate. But President Xi Jinping perhaps recognises he can ill-afford to indulge his temper for now, says petesweeneypro
A surveillance camera is silhouetted behind a Chinese national flag in Beijing, China, November 3, 2022. REUTERS/Thomas Peter - RC24EX959IKC
and the Mintz Group, a due diligence investigator, but on balance Beijing has resisted wholesale scapegoating of American capital. Xi perhaps recognises he can ill-afford to indulge his temper for now. Yet most trade measures Xi has taken so far are best seen as defensive tactics to protect market share from aspirant rivals in the West and India. In January the Ministry of Commerce proposed to halt exports of solar-panel-making tools. Beijing is weighing applying similar policies to rare-earth-related technology. It’s already been leading a global rise in expanding export restrictions on minerals critical for a green energy transition, per a new.
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