Growth, inflation and labour market all easing
Meet the new boss: a Biden Administration doesn’t mean a return to Obama-era China policy.
Despite a change in government in the United States, following the election of Joe Biden as US President and Democratic Party control of Congress, US trade and foreign policy with China appears unlikely to revert to its earlier openness. While the Biden Administration is less likely to engage in aggressive rhetoric and the unilateral imposition of tariffs than the previous Trump Administration, it appears that pressure on China’s trade and technology policies (among other areas) will persist.
For further details, please see the China Economic Update – February 2021
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