Chinese President Xi Jinping at a meeting at the UN's European headquarters in Geneva, Switzerland, on Wednesday. REUTERS/Denis Balibouse
Bloomberg: Braced for Trump Challenge, China Signals It Would Cooperate
* Xinhua offers congratulations, hopes for ‘win-win’ cooperation
* Policy changes to improve access may help fend off criticism
Confronted by the challenge of a Donald Trump-led White House, China is signaling it’s ready to work with the new administration and has already taken a handful of policy steps that may help fend off criticism over access to its markets.
The official Xinhua News Agency congratulated Trump on his inauguration and said it hoped for "win-win" cooperation between the two nations. An editorial run by state-backed newspaper China Daily took a similar tone, saying the world’s two largest economies should work together toward "an updated, more desirable version of globalization."
That follows tangible measures last week, such as a plan to relax restrictions on foreign investment in long-closed areas of the economy including banking, securities, futures, mutual funds and insurance. A senior official last week said China is prepared to enhance cooperation with other countries to protect intellectual property rights, a bug-bear of U.S. and European firms who have complained their technologies are copied and brands faked.
Read more ....
Update #1: China Uses Trump Inauguration To Criticize Democracy (IBTimes)
Update #2: Senior Chinese diplomat: China will assume world leadership if needed (Reuters)
WNU Editor: The rhetoric from China has become subdued in the past week .... but to a point .... China Says It Is Ready To Assume "World Leadership", Slams Western Democracy As "Flawed" (Zero Hedge).
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