(Bloomberg) Chinese President Xi Jinping spent his first decade in office accumulating power at the expense of the Communist Party’s No. 2 official. Now that he’s installed a trusted loyalist as premier, China’s most powerful leader since Mao Zedong is getting more comfortable delegating authority.Most Read from BloombergCharlie Munger, Who Helped Buffett Build Berkshire, Dies at 99Musk’s Cybertruck Is Already a Production Nightmare for TeslaHamas Releases 12 Hostages Despite Claims of Truce
Ever since Vladimir Putin’s invasion of Ukraine, China has blamed NATO for antagonizing Russia and accused the U.S. of seeking to set up a similar alliance in the Asia-Pacific. The presence of four leaders from the region in Spain this week will only make Beijing more paranoid.
THE fate of a Chinese technology giant at risk of unprecedented US sanctions will show whether the Biden administration intends to significantly ramp up tensions with the world’s second-biggest economy. The US is weighing whether to add Hangzhou Hikvision Digital Technology Co., which makes cameras and surveillance systems, to its…
The move would mark the first time a Chinese company faces more severe U.S. Treasury Department sanctions that risk curbing its business around the globe.