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Chinese President Xi Jinping, center, has had to adjust his Shanghai-first economic policy amid the U.S.-China trade war. (Photo sources by Getty images and Reuters)
China up close

Xi reverses Hong Kong policy with Alibaba and North Korea in mind

Grand strategy of making Shanghai a financial center paused amid trade war

KATSUJI NAKAZAWA, Nikkei senior staff writer | China

TOKYO -- Chinese President Xi Jinping's flip-flop on Hong Kong's highly controversial extradition bill was as quick as the traditional Chinese art of face changing.

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