Economic rivalry between US and China could be a problem for Ireland

On Friday, China's foreign minister, Wang Yi, warned US secretary of state Antony Blinken, who is visiting Beijing, that the United States and China could choose between "stability or a downward spiral" in their relations. While some of the building tensions relate to political factors, notably Taiwan and the war in Ukraine, economics is also at the centre of this, as the mood in Washington turns increasingly negative about China's economic strategy and its impact on the US. As a key staging point for the international activities of US companies - and with an increasing trade and investment relationship with…