With the end of the acute phase of the coronavirus pandemic in mid-2020, the hierarchy of “pain points” in Beijing has changed again. The question of the recovery of the Chinese economy remains quite topical, but not from the point of view of discussing the "hard landing", but on the contrary - in terms of the pace of recovery, growth and the quality of this growth. Against this background, the first place in importance was again taken by the US-China relations. The United States continued to gradually implement D. Trump's threats against China, such as depriving Hong Kong of the status of a special customs territory, restricting the circulation of Chinese companies' securities on American exchanges, banning the supply of certain American technologies to Chinese companies, etc. Beijing acts asymmetrically: it confirms its adherence to the agreements of the first phase of the US-China trade deal, and also implements Xi Jinping's policy aimed at opening up the Chinese economy and deepening its integration into the world one.