British economist, University of Manchester professor Jim O’Neill named the US President-elect Joe Biden a greater danger for China than the current head of state Donald Trump . His words are quoted by CNBC.
“My impression is that the Chinese are more concerned about the Biden administration than the Trump administration,” O’Neill said.
According to him, the future president intends to force Beijing to be more accountable and transparent on trade issues than has been the case for the past four years, during which Washington often unleashed conflicts and trade wars, and Trump tried to pressure China through publications on Twitter. .
Biden and his administration will be able to involve international institutions in resolving conflicts, such as World Trade Organization a> (WTO), G20 and World Bank , which will require more scrupulous fulfillment of their obligations.
In addition, Biden will be able to put pressure on Beijing to reduce harmful emissions into the atmosphere. During the Trump presidency, who does not consider environmental problems to be important enough, tensions between the two countries have eased.