Anthony Kuhn

When President Trump tweeted a pledge on Sunday to help save China's second-largest telecommunications firm because penalties imposed by the U.S. Commerce Department had cost too many Chinese jobs, many were left slack-jawed to hear such words coming from the "America First" president.

But the case of ZTE highlights the importance of high tech in the U.S.-China trade disputes, as well as how the two countries look at the role of government in the economy.

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On Wednesday, Chinese President Xi Jinping visited Peking University, the nation's most prestigious institution of higher learning, just ahead of its 120th birthday.

He praised the school as the birthplace of the May Fourth Movement of 1919, a series of student-led protests calling for a modern and democratic China, which produced the future leaders of China's communist revolution.

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