CHINA MAPPING OUT STRATEGY FOR AN AMERICA LED BY TRUMP: President-elect Trump has already replaced President Ash Carter as Beijing’s bete noire.

From North Korea to Iran to a closely entwined business relationship worth $598 billion in 2015, the two countries have broad common interests, and China expects Trump to understand that.

While China was angered by Trump’s call this month with Taiwan President Tsai Ing-wen, and then casting doubt over the future of the “one China” policy under which the U.S. recognizes Taiwan as being part of China, it was also quite restrained, said a senior Beijing-based Western diplomat

“China’s game now is to influence him and not antagonize him,” he said, speaking on condition of anonymity.

Yup. The Donald’s Taiwan phone chat was a wake up call for the Chinese government. And it was supposed to be.