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Also in this newsletter: Britain loses out on high-spending tourists, Apple overtakes Samsung in the smartphone market, US retail sales rose more than expected in December

Premier Li tells business leaders Beijing chooses to pursue globalisation and multilateralism

Rush of shipments preceded escalation of trade war between world’s two biggest economies

Hawkish stance of Republican president-elect leaves Beijing at a disadvantage with incoming administration

Beijing fires prominent regulatory official and fast-tracks consultations on proposed measures

New US president hints at potential agreement linking TikTok ownership with tariffs

Policymakers in Beijing believe they will benefit from the destruction of America’s global credibility

Premier Li Qiang outlines plan to tackle slowdown amid property sector crisis and weak investor confidence

Premier Li Qiang vows to tackle property crisis, high local debt and persistent deflation

Beijing pivots away from costly infrastructure to focus on technology, renewables and critical minerals