The United States ambassador to China is stepping down amid a spiralling rivalry between the world’s two largest economies, Secretary of State Mike Pompeo indicated on Twitter.If confirmed, the departure of Terry Branstad, whom Beijing once billed as “an old friend of the Chinese people”, would deal another blow to the deeply fraught US-China relationship amid fears of the Cold War-style confrontation, according to analysts.Pompeo praised Branstad in a series of unusual tweets on Monday,…



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