China’s retaliation against US shows depth of its trade war strategy, analysts say

China’s latest export controls and sanctions against American companies in response to recent US measures underscore Beijing’s expanding economic toolkit and its growing willingness to deploy it, according to analysts.
“The multiple actions that China undertook underscore the breadth and depth of China’s retaliatory toolbox,” said Wendy Cutler, the senior vice-president at the Asia Society Policy Institute.
She added that Beijing’s latest response stood in “sharp contrast” to its “ability and...