As Trade War Rages, China’s Sway Over the U.S. Fades

Beijing once could count on allies in business and politics to help get its way. Now many of its old allies are staying on the sidelines.

A Chinese automotive assembly line in Beilun in Zhejiang Province, China. China’s economic slowdown, which could hinder growth globally, is a major reason that Beijing’s influence has ebbed.CreditCreditBryan Denton for The New York Times
Keith Bradsher

By Keith Bradsher , New York Times May 17, 2019

China usually gets its way. In Washington, on Wall Street and in corporate boardrooms, Beijing has used the country’s size and promise for decades to quell opposition and reward those who helped its rise.

Those days may be coming to an end.

As it struggles with President Trump’s trade war, a maturing and debt-laden China is discovering that it no longer has the same pull. Members of both political parties in the United States favor a tougher stance against Beijing. Some old business allies are standing on the sidelines or even cheering the Trump administration’s strong stands.

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The Belt and Road Initiative: Views from Washington, Moscow, and Beijing – Sáng kiến “Vành đai và Con đường”: Quan điểm từ Washington, Moskva và Bắc Kinh

Vietnamese after English

The Belt and Road Initiative: Views from Washington, Moscow, and Beijing

Summary:  Despite the BRI’s prevalence in discussions of China’s global engagement, many experts are divided on how to interpret it. Is it a global strategy or just an interregional initiative? How can countries and international companies participate in its growth and development?

Since being unveiled in 2013, the Belt and Road Initiative (BRI) has become the signature foreign policy project of Chinese President Xi Jinping. The initiative demonstrates China’s growing ambitions at home and abroad and was officially inscribed in the Chinese constitution during the 19th Party Congress, the same congress during which Xi proclaimed a “new era” and the “great rejuvenation of the Chinese nation.”1 It is symbolic of China’s more self-confident foreign policy and departure from the low-profile strategy of “hide and bide” that long characterized Beijing’s global engagement.

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