| Will the government’s appeasement make up for all the companies that left and won’t come back? How about the buyers who no longer trust the safety of what China wants to sell, or the security of Chinese banks and internet? |
[American Thinker] On Friday the 13th, the People’s Republic of China (PRC) congratulated Joe Biden on his win in the 2020 presidential election even as the results were still being contested in the U.S. The statement issued by Beijing’s Foreign Ministry was short and formal, but the Chinese state-run media was quick to express what the Communist leadership hopes a Biden administration will mean for the advancement of China’s interests.
Global Times, the official outlet of the ruling Communist Party (CPC), ran "Experts look forward to Biden administration addressing issues that separate China, US" the following Monday. One of the three experts was Zhang Baijia, former deputy director of the Party History Research Center of the CPC Central Committee. He noted "the goals of China and the US are different. The US wants to maintain its global leadership, while China hopes to safeguard its right to development." He concluded that "It's expected that the Biden administration will act differently from the Trump administration. It will abandon Trump's ’America First’ unilateralism and make changes in many aspects. But though there may be some adjustments, the basic policy that takes China as a strategic competitor will not change. For China, the policy change of the US will be both a challenge and an opportunity." |