Acrimony in Alaska, Made in China, fiscal tightening,

The acrimonious meeting in Alaska underlines that a new US administration has not led to a reset of US-China relations. China’s leadership has long appeared set on a course for industrial decoupling anyway though. The new Five-Year Plan may have been shaped by US threats to cut China off from advanced technology but its emphasis on self-sufficiency has its roots in the Made in China 2025 policy, which was launched during the Obama era and which continues to be refreshed with new targets today.