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Independent economist Andy Xie told CNBC that China behaves like a venture capital firm as the country builds its technology capacity, which is crucial for China to attain long-term economic growth. ➡️ In a shift toward a harder stance this month, China retaliated against U.S. tariffs with levies of 125% on imports of American goods. ➡️ Since Trump imposed tariffs on China during his first term, the Asian country has increased its trade with Southeast Asia, now China’s largest trading partner on
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