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Wall Street will be the next US-China battleground

Squeezing of capital connections could bring elite pressure to bear on Xi

| China
If the U.S. blacklisted Chinese companies, billions of dollars of stocks would have to be dumped.   © Reuters

President Donald Trump has made clear that the U.S. now considers China more a strategic adversary than a partner. While this shift in Washington's view of Beijing showed up first in trade policy, a new front has begun to open in the capital markets.

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