With 34 days left in the Trump Administration have we passed the moment of maximum risk of Trump Administration moves against China? The recent Hong Kong-related sanctions on the NPC vice-chairpersons were anti-climatic as they did not cross a Chinese “red line” and include the NPC Chairman, Standing Committee Member and Xi consigliere Li Zhanshu, and last week the Treasury department declined to impose any sanctions on financial institutions over Hong Kong.
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