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The Chinese government will push ahead with plans to create more secure trade links with other countries in response to the United States’ ongoing attempts to economically decouple the world’s two largest economies.
“The Chinese government can issue as many guidelines as possible on its trade-development policy, but at the end of the day, whether these measures really matter depends on the final implementation,” said Alex He Xingqiang, a research fellow at the Centre for International Governance Innovation. “It’s very difficult for powerful central government agencies, such as the National Development and Reform Commission, to let go of their authority.”