The two parties’ hard-line pressure on China is expected to continue in the Biden era
Trump’s term is coming to an end, but he is not expected to be elected President Biden when he reverses the position of the Chinese government in his office later this month.
Cowen analyst Jaret Seiberg said: “Both parties are putting pressure on China,” Biden will “have bigger priorities to advance, such as obtaining new stimulus packages. [package]. “
This may mean that the US capital market and access to the US consumer base may still be a difficult task for Chinese companies.
Seiberg said that in fact, Biden may become tougher in China.
“This may include asking Congress to shorten the three-year period, and Chinese companies must check their audits before they are delisted by U.S. exchanges.”