BEIJING (Reuters) - China will work with the U.S. on the basis of mutual respect, it said on Wednesday as Donald Trump closed in on victory in the presidential election, but strategists said Beijing was bracing for bitter superpower rivalry over trade, technology and security issues.

As Republican Donald Trump claimed victory in the U.S. presidential election, defeating Democrat Kamala Harris, China is bracing for four more years of bitter superpower rivalry over trade, technology and security issues.

By bno - Taipei Office As the US presidential election approaches its climax, Taiwan finds itself at a crossroads, caught between intensifying trade confrontations between Washington and Beijing. With both major US political parties aligning against China,