Political tensions between Washington and Beijing are bad for business

The revelation of yet another point of friction between the US and China can all too easily induce a feeling of deja vu – another week, another cause for irritation in the scratchy relationship – and seem like nothing to take too seriously. But it would be a mistake to overlook the potential fallout from the friction, created by both the US commencing joint naval exercises recently with South Korea and India in East Asia and Hilary Clinton’s intervention in territorial disputes over...

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