Commenting on the series of sanctions imposed by the US government on Chinese companies, SMU Associate Professor of Finance Fu Fangjian said that China's current countermeasures are flexible, and measures such as drone export controls will have a substantial impact on the United States. However, he stated that whether China will strictly enforce them depends on the US's subsequent reaction. He predicts that before Chinese President Xi Jinping visits the US at the end of next month, the Sino-US trade teams will continue negotiations to pave the way for an agreement at the summit between the two heads of state. Assoc Prof Fu said the negotiation process is often full of gamesmanship and struggle, and the sanctions and countermeasures of both sides are also bargaining chips in the game.
