China’s US trade war charm offensive was meant to stop foreign investors from leaving, but is it working?
When US President Donald Trump launched the trade war 16 months ago, there was a debate in Beijing over how China should respond.One view was that the government should employ a tit-for-tat response to inflict pain on American businesses in China. The other argument was that instead of punishing foreign firms – particularly American ones – China should be nicer to them, to try and win them over to China’s side in the dispute.Not wanting to appear weak, President Xi Jinping responded to Trump’s…

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