**China Pivots to Woo European and Other Asian Nations to Counter US Trade Protectionism**
Chinese officials, led by Vice Premier He Lifeng, have been signaling to Western business leaders that the Chinese government is considering a slew of tax cuts in various sectors to boost foreign investment and strengthen trade ties with Europe and other Asian nations.
According to individuals close to the decision-making process, the focus areas for the tax cuts are expected to include electrical and telecommunications equipment, as well as agricultural products such as seafood, depending on the specific countries targeted by Beijing.
China is seeking to put pressure on the US by taking a more proactive approach and attempting to drive a wedge between the US and its allies. With the US considering excluding Chinese goods from its market, China is eager to diversify its trade relationships and reduce its dependence on the US trade.
China has made progress in tapping into markets in developing countries, but a greater push into European or Asian markets could yield even more significant returns.
Sources:
* [The Wall Street Journal: China Weighs Tax Cuts to Woo Fellow Fulcrums Against Trump ](https://www.wsj.com/articles/%E4%B8%AD%E5%9B%BD%E6%AD%A3%E8%80%83%E8%99%91%E6%8B%89%E6%8B%A2%E7%BE%8E%E5%9B%BD%E7%9B%9F%E5%8F%8B-%E6%8A%B5%E5%BE%A1%E7%89%B9%E6%9C%97%E6%99%AE%E4%BF%9D%E6%8A%A4%E4%B8%BB%E4%B9%89-ee3f58e4)