China is prepared for “possible unexpected shocks,” Premier Li Qiang told a gathering of global executives in Beijing, where he urged them to “resist protectionism” and defend globalization.

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BEIJING, March 24 (Reuters) - Chinese Premier Li Qiang has signed an order to implement new rules for strengthening China's countermeasures to foreign sanctions, the Chinese government said on Monday.

Lai Ching-te, the president of Taiwan, may be betting that China’s appetite for retaliation will be limited by Beijing’s interest in containing tensions with the Trump administration.