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In Trump Win, China Hopes for U.S. Retreat

Election results mean economic threat, geopolitical opportunity for Beijing

SHANGHAI—The gray, conservative men who run China have no love for Hillary Clinton, but at least she was a known entity. In an erratic Donald Trump they now face both an economic threat and geopolitical opportunity if, as seems likely, a distracted America pulls back from Asia.

Beijing may believe that Mr. Trump is bluffing when he threatens sweeping tariffs on Chinese imports; the official media have portrayed him as more of a...

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