China has stepped up its charm offensive as it tries to woo foreign investors, introducing new measures last year to expand market access, increase tax and fiscal support and protect intellectual property rights. Official data shows that foreign investment in China fell 8 per cent last year – the first decline since 2012 amid tightening regulation, anti-espionage raids on foreign companies and growing tensions with the US. The US has also increased trade and technology restrictions against China as the rivalry intensifies. Can China or US survive without each other ?
