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The U.S. has nailed Chinese companies this year. Why hasn’t Beijing retaliated?

September 17, 2020

Via: Fortune

Huawei sanctions. The Hong Kong Autonomy Act. The Holding Foreign Companies Accountable Act. A demand that TikTok’s U.S. operations be sold and the threat to ban WeChat. These are all regulations the U.S. has imposed on China this year.

Despite that barrage from Washington against Chinese firms, Beijing’s response has “broadly been restrained” against U.S. companies, said Gavekal Research technology analyst Dan Wang, who’s based in Beijing. The reason? There are few U.S. corporations in China that Beijing could target without hurting itself.

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