As Trump Attacks, China Sees A Worrying Trend For Its Future - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Washington Wire
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Washington Wire RSS Get our newsletter
Order Prints
July 16, 2020 Washington Wire
Share
Share
Post
Email

As Trump Attacks, China Sees A Worrying Trend For Its Future

Associated Press

BEIJING (AP) — On Monday, it was the South China Sea. On Tuesday, it was Hong Kong. On Wednesday, Huawei and human rights.

The Trump administration appears to be accelerating a push to define China as a strategic threat, a worrying trend for the country's leaders as the ambitions of a rising economic and military power collide with America's.

A senior official accused the U.S. this week of using the Hong Kong issue to try to obstruct China's development.

Vice Foreign Minister Zheng Zeguang told U.S. Ambassador Terry Branstad in a meeting in Beijing that threats of U.S. sanctions and the withdrawal of special trading privileges for Hong Kong are not about democracy and freedom in the semi-autonomous territory but an attempt to contain China.

“I want to warn the U.S. sternly that any bullying and unfairness imposed on China by the U.S. will meet resolute counterattack from China, and the U.S. attempt to obstruct China’s development is doomed to failure,” he said, according to an account carried by state media.

Behind the tough words is growing concern. Foreign Minister Wang Yi said in a speech last week that U.S.-China relations face their most severe challenge since the two countries established diplomatic ties in 1979. He asked if bilateral relations will be able to stay the course after a more than four-decade voyage.

At one level, the Trump administration's attacks on China are seen as election-year politics, an attempt to woo voters and distract them from problems at home. President Donald Trump has sought to blame the coronavirus outbreak on China, rather than on any shortcomings in how his government dealt with it.

But America's differences with China go beyond Trump. The tone could change if he is not re-elected in November, but the underlying issues will remain.

Ahead of the election, the factors leading to a possible free-fall in relations are becoming more intense, said Shi Yinhong, an international relations professor at Renmin University in China.

“After the U.S. elections, a window might emerge for serious dialogue, but ... the overall situation will not be reversed,” he said. He added that he doesn't see a strategy the two governments could adopt to ease tensions.

The two countries have a fundamental divide in their thinking. The U.S. has always hoped that China would become more democratic as its interactions with the rest of the world grow. China's long-ruling Communist Party says the two should respect their differences.

“China and the U.S. should not seek to remodel each other,” Wang said in his speech. “Instead, they must work together to find ways to peaceful coexistence.”

The divide is playing out in Hong Kong, where the U.S. and other Western democracies have grown increasingly concerned over China’s imposition of a security law that is seen as a threat to freedom of speech and the right to protest.

China views outside pressure on Hong Kong and other human rights issues as interference in its domestic affairs.

Branstad expressed to Zheng deep American concern about Chinese decisions that erode fundamental freedoms in Hong Kong, according to a statement posted on the U.S. Embassy website Thursday.

It said Branstad explained the Trump administration's finding that the city of 7.5 million people is no longer sufficiently autonomous from China to merit special treatment in trade. He also called on China to restore Hong Kong's liberties.

Trump signed the Hong Kong Autonomy Act on Tuesday, a law that sanctions officials who undermine the city’s autonomy, as well as an executive order affirming an earlier decision to eliminate the preferential trade treatment.

That followed a declaration by Secretary of State Mike Pompeo on Monday that the U.S. would not recognize most of China's maritime claims in the South China Sea. On Wednesday, Pompeo said the U.S. would ban employees from Huawei and other Chinese companies who aided alleged human rights abuses in places such as China's Xinjiang region.

The U.S. has “interfered with China’s internal affairs and harmed China’s interests on the issues of Xinjiang, Tibet and the South China Sea, further exposing its nature of naked hegemony," Zheng told Branstad.

While Zheng urged the U.S. not to go “further and further on the wrong path,” Branstad called on China to refrain from any further erosion of Hong Kong's autonomy.

Chu Yin, a professor at the University of International Relations, offered a glimmer of hope. He said frictions between nations always rise during times of economic slowdown.

"China’s foreign diplomacy is facing grave and complicated challenges, but the situation will improve a lot with the easing of the epidemic situation and the recovery of the economy," he predicted.

Associated Press researcher Yu Bing contributed to this report.

Older

Pandemic Job Losses Could Leave 10M Without Health Insurance

Advisor News

  • Help child-free clients plan for their later years
  • When new investment trends emerge, Gen Z is most likely generation to be first in
  • Could ‘plain English’ become an advisor’s secret weapon?
  • IRI urges Senate action on 403(b) parity legislation
  • Three estate planning ideas to protect your clients and their wealth
More Advisor News

Annuity News

  • Nationwide adds mutual fund-linked strategy to New Heights Select FIA
  • NUNN INTRODUCES BILL TO CUT RED TAPE, GIVE IOWANS CLEARER INSURANCE INFORMATION
  • NAIC working group pressed to accelerate annuity illustration overhaul
  • State Auditor James Brown Kicks Off Life Insurance Awareness Month With Policy Locator Tool
  • Wink: Annuity sales post strong Q2, led by MYGAs and structured products
More Annuity News

Health/Employee Benefits News

  • Starbucks raises health insurance premiums, sparking worker tension
  • Opinion: The Colorado Option is failing to meet the needs of small businesses for healthcare coverage
  • New Managed Care Study Results from Brown University School of Public Health Described (Roles and Priorities Guiding Medicare Advantage Postacute Home Health Referrals): Managed Care
  • Reports Summarize Managed Care Findings from University of Arkansas for Medical Sciences (Potentially Inappropriate Medication Use Following Hospital Discharge Among Medicare Beneficiaries): Managed Care
  • New Cancer Findings from Anuraag R. Kansal and Colleagues Discussed (State Medicaid Budgetary Implications of New Cancers): Cancer
Sponsor
More Health/Employee Benefits News

Life Insurance News

  • TDCI reminds consumers to focus on future during Life Insurance Awareness Month
  • TDCI reminds consumers to focus on the future during Life Insurance Awareness Month
  • AM Best Affirms Credit Ratings of Zurich Insurance Group Ltd and Its Main Rated Subsidiaries
  • Best’s Market Segment Report: AM Best Maintains Stable Outlook on China’s Non-Life Insurance Segment
  • Understanding Nonequity Split-Dollar
Sponsor
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Classic Car Insurer OpenRoad Insurance Expands to 40 U.S. States in Two Years
  • How Aspire General Turned an Early Technology Bet Into Claims Automation at Scale with Kyber
  • Adjusto launches AI-Native contents claims services powered by its technology platform
  • URL Insurance Group Celebrates 40 Years of Service, Growth, and Industry Leadership
  • MassMutual Ascend Surpasses $2 Billion in Lifetime Advisory Annuity Sales, Reflecting Continued Momentum in RIA Channel
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.