Chinese officials love enumeration: the 'Three Represents' outlines the responsibilities of the Chinese Communist Party; the 'Five Confidences' codify socialism with Chinese characteristics. The latest 'Eight Suspends' may well become shorthand for the final stage of the disintegrating relationship between Washington and the People’s Republic.
A Chinese man adjusts a China flag before a news conference attended by Chinese Foreign Minister Yang Jiechi and U.S. Secretary of State Hillary Clinton at the Great Hall of the People in Beijing September 5, 2012. REUTERS/Feng Li/PoolHONG KONG, Aug 8 - Chinese officials love enumeration: the "Three Represents" outlines the responsibilities of the Chinese Communist Party; the "Five Confidences" codify socialism with Chinese characteristics.
Some American negotiators may even be relieved. Over the weekend, China’s navy has turned the Taiwan Strait into an enormous missile testing ground, but that is preferable to a full-scale blockade or invasion. Beijing has also banned a swathe of Taiwanese exports, mostly food.
Official data showed U.S. foreign direct investment stock in China stood at $124 billion in 2020. Americans also held nearly $1.2 trillion in Chinese securities at the end of 2020, per Rhodium Group estimates.or Ford will be left completely alone. The bureaucracy under President Xi Jinping has other levers to pull in order to drive up the cost of business for U.S. companies at the margins.
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