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Economy

The master of China's US debt might be the next vice president

Wang Qishang is respected by Washington, and feared

  © Getty Images

BEIJING/SHANGHAI A feeling of deja vu is building in cross-Pacific diplomacy. China and the U.S. are sparring over trade, just as Japan and the U.S. did in the 1990s. Into the fray may step a man who only just retired: Wang Qishan. Until recently, Wang was China's anti-graft czar. He also played a central role in managing relations with Washington during the global financial crisis.

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