China: Beijing prepares for worst, hopes for best with Trump

-China Business Council. While the USA continues to have a gaping goods-trade deficit with China, its exports of services to the country are growing rapidly. Under the conditions, therefore, it was not surprising to observe the comparatively low-level official representation from the U.S. Since the 1970s, American grand strategy was created to contain the arch strategic rival Soviet Union/Russia with the indirect assistance of lesser rival China (supported by economic incentives etc.).

Elaborating on work expected to be done by the government this year, Chen Changzhi, chairman of the China National Democratic Construction Association - one of the eight non-communist parties-said the country should further cut administrative fees levied on enterprises to lower their costs.

Citing protocol, Yu would not say whether he had met with members of Trump's team.

Donald Trump has now been sworn in as the 45th president of the United States - but people in China may have a hard time seeing it.

"The two sides should try their best to be friends and partners, not adversaries and enemies", Ministry of Foreign Affairs spokeswoman Hua Chunying said before Trump took office.

After the call between Tsai and Trump last month, China demanded Trump drop any designs to give Taiwan formal attention. Taiwan, which mostly kept away from the disputes over the South China Sea till then, reaffirmed its claims on the territories in the area.

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The official Xinhua news agency tried to placate the new American leader saying, "As a renowned and savvy businessman, the new leader in Washington knows more than anyone else the merits of a sound China-U.S. partnership". Trump sometimes seems as if he wants to use Taiwan as a bargaining chip as part of a new grand bargain with Beijing, "which would be a betrayal and a blunder", it added.

However, other state-sanctioned voices were more damning.

China's average new home prices surged 12.4 percent in 2016, but gains have moderated in recent months.

There is good reason to be cautious. Previous U.S. Presidents, including Barack Obama, invited Taiwanese representatives to attend with little pushback from China. "I hope she understands ... that the current tough attitude from Beijing reflects domestic uncertainties in China".

The battle lines in Asia are already being drawn.

According to English-language radio personality Elyse Ribbons, "Chinese leadership still trying to figure [Trump] out", and has not allowed her to talk about him on her radio program. Now that China is crystallizing as the next military and economic superpower, the US might be preparing for a shift toward an alternative strategic course under Trump based on the containment of Beijing's ascendance with the support of Moscow. China is the biggest trading nation to twice as many countries as the US, according to Parag Khanna, a senior research fellow in the Center on Asia and Globalisation at the Lee Kuan Yew School of Public Policy at the National University of Singapore. It is developing not one but two stealth fighter jets, a stealthy long-range drone capable of carrying two tonnes of bombs, new missiles and a blue water navy capable of operating far from home shores. Taiwan has sent delegations to past inaugurals.