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China to US: Two can play at technological war

NEW YORK – Beijing’s crackdown on initial public offerings by Chinese companies in the US stock market denotes a turn to hard-edged economic nationalism, signaled by President Xi Jinping’s July 6 denunciation of American “technology blockades.”

In an online address to friendly political parties around the world, Xi declared, “We must jointly oppose anyone engaging in technological blockades, technological division and decoupling of development.”

He added that no country had the right to “obstruct the development of other countries and harm their people’s lives through political manipulation.”