Several problems divide Rishi Sunak and Liz Truss, the two contenders to grow to be Britain’s upcoming prime minister. On China, hawkishness now unites them. The governing administration has presently pledged to take away gear designed by Huawei, a Chinese agency, from the country’s 5g telecoms networks. Ms Truss guarantees a crackdown on TikTok, a Chinese-owned app, amongst some others Mr Sunak phone calls China the biggest risk to Britain. Equally assert credit rating for the passage very last 12 months of the Nationwide Protection and Investment decision Act, which gave the govt electrical power to display screen
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A Costly Lesson in Chinese Business Practices
was enthusiastic about doing business in China until he got burned. His company, Dallas-based Tang Energy Group, helped electrify China’s impoverished western provinces in the 1990s. His company “actively supported China’s bid for Most Favored Nation trading status with the U.S.” and for membership in the World Trade Organization, his lawyers have noted, adding: “Scholars at the Council [on] Foreign Relations teased Jenevein about consistently seeing the best side of China. They were right.”
In legal filings, Mr. Jenevein claims his partners at a Chinese state-owned enterprise violated their contracts, poached his business, and tried to skirt the