Bipartisan pressure to be tough on China is expected to continue in the Biden era
Trump’s term is coming to an end, but President-elect Joe Biden is not expected to reverse the government’s position on China when he takes office later this month.
“There is bipartisan pressure to remain tough on China,” said Jaret Seiberg, an analyst at Cowen, noting that Biden will have “much higher priorities for moving forward, such as securing another stimulus. [package]. “
This may mean that the United States ‘capital markets, as well as access to the United States’ consumer base, can continue to be a complicated task for Chinese companies.
In fact, Biden could get even tougher on China, Seiberg said.
“This could include asking Congress to reduce the three-year period that Chinese companies have to open their audits to inspections before U.S. stock exchanges have to remove them from the list.”