China Braces for Worst as It Becomes Punching Bag in US Election
- Beijing responding to drumbeat of trade actions with restraint
- President Xi relying on American consumer to boost his economy
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With Beijing already becoming a top target in the US election campaign, President Xi Jinping’s government is resisting any move that could backfire on the world’s second-largest economy.
China’s restraint was on display last week after President Joe Biden blasted Beijing as “xenophobic” and vowed to triple tariffs on Chinese steel and aluminum exports, during a campaign stop in a swing state where rust-belt jobs are on the line.