With his nomination of China hardliner Marco Rubio for secretary of state, U.S. President-elect Donald Trump has signaled his policy toward Beijing could go beyond tariffs and trade to a more hawkish stance on China as the United States' main strategic rival.

As China attempts to move towards a consumption-based economy, the Politburo is trying to eliminate economic drags before President-elect Donald Trump imposes tariffs. While the markets are pessimistic,

China must be careful not to engage in another round of tit-for-tat tariffs when Donald Trump returns to the White House, a highly regarded Beijing-based analyst has urged. "We need to be very careful not to fall into the tit-for-tat trap,