Market participants have closely monitored China's constantly evolving relationship with the United States. Tensions between the U.S. and China have been exacerbated by trade wars, sanctions, human rights violations, and threats of delisting of Chinese companies on U.S. exchanges.
Despite signs of economic protectionism, China continues to express a desire to engage with the rest of the world. The recent 14th Five‑Year Plan (FYP) (2021-2025) finalized at the National People's Congress in March 2021 called for promoting a high‑level opening of the Chinese economy, targeting new trade pacts, and aggressively recruiting foreign investment both in industrial and financial services. These opposing dynamics have led investors to question whether further escalation in geopolitical tensions will detract from China's efforts to pursue new relationships alongside a more developed economy by its 2035 goal.
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