China’s seemingly implacable tensions with the West are another factor in the storm of woes that suggests China is not going to be coming to the rescue as some countries brace themselves for a possible recession 🖋️ michael2day for ipaperviews
. Direct foreign investment in China fell to $20bn in the first quarter of this year from $100bn in the first three months of 2022., supposedly the “good cop” in the Biden administration, hit out at China’s treatment of American companies
on a trip to Beijing this week, in what had been billed as a fence-mending trip. Just this week Microsoft said it had discovered thatat two-dozen organisations, including US government agencies. The US has also hit the Chinese tech sector with various trade restrictions over alleged human rights abuses and national security risks.
China’s seemingly implacable tensions with the West and in particular, the US, are the third factor in the perfect storm of woes – domestic, international and geopolitical – that suggests China is not going to be coming to the rescue as some countries, including the UK, brace themselves for a possible recession.
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