News Snapshot:
The US and China are now engaged in policies of technology decoupling in the latest phase of their trade war. Japan is enacting economic security laws aimed at China, to avoid becoming collateral damage. Australia, too, has seemingly chosen to side with America in its attempt to diversify trade away from China , after being the target of trade coercion. China’s private sector accounts for roughly 92 per cent of the country’s exports, 42 per cent of which are from foreign-invested firms. AP None of this, however, has made much material difference: interdependence with China is actually increasing for the...
