China’s Unexpected Win from Trump’s Trade Wars

Washington Post: “Under pressure from President Trump’s tariff war, China has embarked on a charm offensive on the diplomatic circuit, smoothing over old disputes and courting partners who could help Beijing weather the storm with Washington. Germany, which perennially harangued Beijing over market access restrictions, recently let Chinese investors hold bigger shares in joint ventures in a significant concession. South Korea, the target of withering Chinese boycotts last year over its deployment of a U.S. missile defense system, is seeing Chinese tourism revenue and automobile sales return.”

“This week, China’s relations with its heavyweight neighbor, Japan, reached its highest level in years. After meeting at a summit in Russia, Chinese President Xi Jinping and Japanese Prime Minister Shinzo Abe announced that China will welcome Abe on his first state visit to Beijing next month after he was frozen out for years over territorial disputes and the Japanese leader’s visits to a controversial shrine for wartime dead. The two men smiled for a photo together, a stark turnaround from four years ago, when they could barely face each other for a memorably grim snap.”