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Full Report: China – Rising tensions with US mean high-level trade negotiations will be unlikely to resume

Full Report: China

Predictions

  • Rising tensions with US mean high-level trade negotiations will be unlikely to resume in coming months
  • Beijing will seek to capitalise on COVID-19 outbreak to boost global soft power at expense of US
  • Trade negotiations and tariff reductions are unlikely while COVID-19 remains priority, though exceptions may be made for medical goods

Event

The Chinese Ambassador to the US sought to de-escalate rising tensions with Washington on 22 March, following a series of accusations by Chinese officials that the coronavirus (COVID-19) originated in the US military. The ambassador said rumours about US involvement were “crazy” and that such speculation was harmful. Following this, Trump said on 24 March that he will cease calling COVID-19 the “Chinese virus”. This came after Beijing said on 18 March that it will expel US journalists working for three major media organisations in mainland China, the largest expulsion of Western journalists from China since 1949.

Falanx Group Ltd (LON:FLX), through its subsidiaries, provides cyber defence and intelligence services to blue chip and government clients worldwide. It operates through Falanx Cyber Defence and Falanx Intelligence divisions.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.