The escalating row between Washington and Beijing over blame for the coronavirus pandemic is fast becoming a battle over the Chinese Communist party’s legitimacy, raising the stakes in an already fraught relationship.
In castigating Beijing for its failure to contain the outbreak, senior Trump administration officials have gone out of their way to portray the crisis as a deadly illustration of the threat that Communist party rule poses the Chinese people – and the world beyond.
The United States Justice Department has accused the Chinese Government of hacking firms developing coronavirus vaccines and stealing hundreds of millions of dollars worth of intellectual property and trade secrets from companies across the globe.
When a new hedge fund opened in Mountainside, New Jersey, a leafy suburb that still holds an annual little-league parade, few would have guessed where much of its funding came from: Chinese billionaire Cai Kui.
Chinese internet giant Tencent Holdings, which runs one of China’s most widely used mobile payment tools, has taken its cashless payment experience to the home market of Apple Pay by serving Chinese outbound travellers in the United States.