Why China Will Play It Safe
At a time of growing tension between Beijing and Washington, China’s 20th Party Congress in October unsettled many outside observers. During the proceedings, not only did Chinese President Xi Jinping stack China’s all-important Politburo Standing Committee with loyalists and secure a third term in office; he also painted his darkest picture yet of China’s external threats. Xi called for further increasing the quantity and quality of China’s already accelerating defense production. And he appointed a mix of protégés and skilled technocrats to the full Politburo to oversee China’s response to the challenge.
So far, Beijing has withheld escalatory responses that would amount to direct economic warfare against the United States, such as disrupting crucial supply chains of rare-earth metals or using untested Chinese regulatory tools such as its “Unreliable Entity List” and the Anti–Foreign Sanctions Law, which could penalize foreign companies simply for complying with U.S.… Seguir leyendo »