Analysts say other countries forced to walk fine line, while one argues business interests make it hard to pick sides.

China-US relations are likely to become more volatile in the coming years, with both sides competing to win over third countries – a dynamic already reshaping global supply chains, according to analysts. “We’re going to see cycles of ups and downs. They’re going to test each other,” said Scott Kennedy, senior adviser at the US think tank Centre for Strategic and International Studies, at a forum in Beijing on Thursday. “What we’ve seen over time is the amplitude of those cycles that has got…

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