Elections in the United States: China wants to see Trump or Biden as president of the United States



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  • Karishma Vaswani
  • Business Correspondent for Asia

Congress of Democrats and Republicans It is an opportunity for voters to vote in the United States. You will know the politics of the country of the president of the United States in the future.

But a general meeting of both parties is also an opportunity for Chinese companies to obtain vital information. During the period of bad relations with the United States,

Several insiders of Chinese tech companies say that if Joe Biden becomes president, it would be better than the four-year term of President Donald Trump, who is seen as a man. The “unpredictable”

But even if Biden were president of the United States. They think China still faces a difficult situation. Government of Biden It will be more faithful to the facts and reasons. The use of words attacking each other and playing politics

One thing is clear: Mainland Chinese companies believe that regardless of who takes over the administration, the United States will continue to take a stronger stance against China.

Here are three of the concerns Chinese companies are most concerned about about the US government and what they are doing to protect themselves

Decoupling

This word is used a lot today. President Trump and his administration I mentioned this in a message on Twitter. And in a press release on China

Fragmentation means giving up business related to China, even though the US has had a business relationship with China for more than three decades.

Which can do a lot of things Whether it’s for the US factory Withdraw the supply chain from mainland China This includes forcing Chinese companies operating in the US, such as TikTok and Tencent, to grant ownership to Americans instead of to the Chinese.

Solomon Yue, vice president and chief executive of the bargaining group Republicans Abroad said that if nothing goes wrong, the Trump administration will “accelerate further fragmentation.”

“The reason is because there are real national security concerns. On the theft of Chinese technology, ”he said.

But the fragmentation was not so easy.

Although the United States has managed to force American companies to stop doing business with Chinese tech giants like Huawei, doing so has forced China to develop some important industries. To be more self-sufficient, such as chip manufacturing and artificial intelligence.

A strategist who works for a Chinese technology company said: “It was already known that the United States can no longer be trusted, many Chinese companies think. What should be done to protect my interests?”

Exclusion from the stock market

The Trump administration has recommended that Chinese companies are listed on the United States stock exchange. New account verification rules must be followed. Deadline January 2022

If not, follow these tips. Chinese companies also run the risk of being banned from doing business.

Although the Biden administration may not need to follow through with similar pressure on China. But many analysts believe these investigations and recommendations must continue.

Tarik Dennison, investment adviser at Hong Kong-based GFM Asset Management, said: “Whether the Democrats dominate the White House, the Senate, or Congress, there is no reason for them to ease the rigidity of the Trump administration in China. If you do not receive any benefits

“One of the things that both parties seem to agree on in 2020 is what is the problem in America? Who can’t blame the other party? Blame China. This will not change anytime soon. ”

Caption,

Ant Financial announced that it wanted to go public.

Although Chinese companies registered in the United States will not be too worried about being delisted from the US stock market, but it will affect the decision of many Chinese companies to go public in the future.

Take, for example, Ant Group, a large digital financial services group in China. Which filed an initial public offering this week.

The company, which is affiliated with the Alibaba Group, which is listed on the United States and Hong Kong stock exchanges, chose the Hong Kong and Shanghai stock exchanges to sell its shares. Instead of the US Stock Exchange.

Other Chinese companies are likely to do this. At a time of growing tense relations between the United States and China

Counter Globalization (Deglobalization)

For the past 30 years, China has been one of the nations that has benefited the most from globalization. This has given hundreds of millions of Chinese a better standard of living and a better quality of life. And it is a solid foundation for President Xi Jinping’s “Chinese dream” concept.

But that’s what President Trump said change was needed. His government declared that China is richer while the United States is poorer.

During Trump’s tenure as president of the United States Counteract globalization In which the opening of borders and free trade has become a new trend The Chinese government knows This will not change after the US presidential elections.

“A fundamental adjustment to America’s strategic belief in China has come true,” says a recent article in the Global Times newspaper. A spokeswoman for the Communist Party of China stated: “This has made China-US relations.” There was a big change. ”

Caption,

US President Donald Trump and Chinese President Xi Jinping

One of the inevitable consequences of Lopapiwat is The world is safer.

If you do business together, you don’t want to fight. Or at least did not initiate a conflict

One of the main concerns of many companies in Asia are: The two great powers are inevitable for a military confrontation. And those concerns are increasing even more this week. When the Chinese government fired a missile into the South China Sea. What are waters that are disputed and have tremendous benefits

Tight relations between the United States and China It is dangerous Not only with the US and only China But it is also dangerous for the rest of the world.

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