The Wall Street Journal:
(gated)
In brief:
- A central thread running through (China's) calculus is how to inflict hardship on companies that bank on their ties with the world’s second-largest economy
-
Tools that Beijing has already used and is likely to expand include
- export controls of critical materials American companies use to make chips and defense-related products
- regulatory investigations designed to intimidate and penalize U.S. companies
- blacklists intended to bar U.S. businesses from selling to China
- authorities are preparing new ways to pressure American companies to give up their intellectual property or lose access to the Chinese market
- The toolbox underscores leader Xi Jinping’s capacity to engage in a prolonged economic warfare with the U.S.
This war appears it will get worse before it gets ... worse.
