Bipartisan pressure to crack down on China is expected to continue during the Biden era
Trump’s term is coming to an end, but President-elect Joe Biden is not expected to change the government’s position on China when he takes office later this month.
“There is bipartisan pressure to stay firm on China,” said Jarrett Seiberg, an analyst at Cowen, noting that Biden will have “much higher priorities for progress, such as providing another incentive.” [package]. “
This could mean that US capital markets, as well as access to the US consumer base, can continue to be a difficult task for Chinese companies.
In fact, Biden could become even tougher on China, Seiberg said.
“This may include asking Congress to shorten the three-year period in which Chinese companies must open their audits for inspections before U.S. stock exchanges delist them.”