China both hopeful and on edge as Trump returns to White House

• Chinese officials and ordinary people are hopeful but on edge as Donald Trump returns to the White House, eager to avoid a repeat of the bruising trade war that drove a wedge between the economic superpowers during his first term.
• Chinese Vice President Han Zheng, in meetings with Tesla CEO Elon Musk and other members of the U.S. business community in Washington ahead of Trump's inauguration, said he hoped U.S. companies would "take root" in China and help to stabilise bilateral relations, the official Xinhua news agency reported.
• When Trump was last president, he heaped tariffs on more than $300Bn of Chinese imports. In recent months, he has said he would add tariffs of at least 10% on top of what is already imposed on Chinese goods, a move that would hurt China at a time when its economy is struggling to find a firm footing.
• At the same time, the U.S. president-elect made the seemingly conciliatory move of inviting Chinese President Xi Jinping to attend his inauguration on Monday. Xi sent Han in his place, a gesture of goodwill given that China was only represented by its ambassador at the previous two U.S. presidential inaugurations.
• At their meeting on Sunday, Han told Musk, appointed by Trump to lead a department aimed at creating a more efficient U.S. government, that he "welcomed Tesla

(Source: Reuters)