China blinked . . .

. . . this time.

China Is Preparing to Increase Access for Foreign Companies

China plans to replace an industrial policy savaged by the Trump administration as protectionist with a new program promising greater access for foreign companies, according to people briefed on the matter, in a move to resolve trade tensions with the U.S.

China’s top planning agency and senior policy advisers are drafting the replacement for Made in China 2025—President Xi Jinping’s blueprint to make the country a leader in high-tech industries, from robotics to information to clean-energy cars. The revised plan would play down China’s bid to dominate manufacturing and be more open to participation by foreign companies, these people said.

Part of ongoing give and take, we presume.

And why not? It takes dealing. Always did. Winners, losers, and rest are watchers.

Market leverage. What else?

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