As America bustled through key political moments last week, with voters casting Super Tuesday ballots and President Joe Biden laying out his national priorities in the State of the Union address, China was busy conducting the largest annual showing of its own political process.
In Beijing, where thousands of delegates from around the country convened for a largely ceremonial meeting to rubber stamp a yearly agenda set by the Communist Party-controlled government, the focus was on domestic concerns – from economic goals to hailing the leadership of Xi Jinping. But looming over that gathering was also the near certainty that former President Donald Trump would run against Biden in November elections – and that either winner would continue to drive a tough China policy.
More Chinese firms could set up shop in places like Southeast Asia and Latin America to see their goods finished there to dodge the tax. Chinese leaders would likely look to cultivate deeper relationships with other markets – like Europe and their partners across the Belt and Road connectivity initiative – to fill the gap.
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