China’s President Xi Jinping (C, front), Li Keqiang (3rd R, front), Wang Yang (3rd L, front), Wang Huning (2nd R, front), Zhao Leji (2nd L, front), Han Zheng (1st R, front) and Wang Qishan (1st L, front) attend the opening meeting of the second session of the 13th National People's Congress at the Great Hall of the People in Beijing, capital of China, March 5, 2019. Photo: Xinhua

China tightens ‘national security’ review for foreign investments, sparking fears of trade war retaliation

  • NDRC quietly takes over sole responsibility of national security reviews of foreign investments, as part of new foreign investment law
  • China’s state planner has broader remit than US counterparts with little transparency, leading to concerns over trade war retribution
Topic |   China economy

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China’s President Xi Jinping (C, front), Li Keqiang (3rd R, front), Wang Yang (3rd L, front), Wang Huning (2nd R, front), Zhao Leji (2nd L, front), Han Zheng (1st R, front) and Wang Qishan (1st L, front) attend the opening meeting of the second session of the 13th National People's Congress at the Great Hall of the People in Beijing, capital of China, March 5, 2019. Photo: Xinhua
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Liu He, China's vice-premier, departing negotiations in Washington on Friday after a meeting with US Trade Representative Robert Lighthizer (foreground right) and US Treasury Secretary Steven Mnuchin. Photo: Bloomberg

China is a ‘kung fu master’ and can deliver ‘deadly punch’ to US economy in trade war, ex-official says

  • China has many options for retaliating against the US and is likely to implement tariffs that go beyond trade in goods, a former top government official says
  • Wei Jianguo, a former vice-minister in the Ministry of Commerce, says China has the ‘willingness to act to fight a prolonged war’
Topic |   US-China trade war

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Liu He, China's vice-premier, departing negotiations in Washington on Friday after a meeting with US Trade Representative Robert Lighthizer (foreground right) and US Treasury Secretary Steven Mnuchin. Photo: Bloomberg
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