CHINA-US: CHINA'S TSINGHUA UNIVERSITY PROFESSOR LI DAOKUI CAUTIONS THAT BIDEN MAY CONTINUE TRUMP'S TOUGH POLICIES AGAINST CHINA

The Liberty Times reported on November 29, that while speaking at the China Macroeconomic Forum held at Renmin University in Beijing, Professor Li Daokui of Beijing’s Tsinghua University and a former advisor to the People’s Bank of China, said the recent memoirs published by former US President Obama showed that the Democrats are worried about the rise of China’s technological power. Saying there are many signs that Biden will continue Trump’s tough strategy against China, he said "Next year, China’s foreign policy, specific industries and enterprises may face some risks." Saying there are many signs that Biden will continue Trump’s tough strategy against China, he added that if Biden imposes sanctions on specific industries in China after taking office, it will be the biggest risk to China’s economy next year. Li Daokui said that the United States and China will face a difficult transition period when the new US government takes office next year. The relationship between the two countries has deteriorated rapidly since Trump took office in 2017, and the two sides have clashed fiercely on issues such as trade, technology, Hong Kong and the South China Sea. But Li Daokui pointed out that it is comforting that the Biden team is far more predictable than Trump. However, Li Daokui also warned that China should prepare for Trump’s 2024 comeback, because while Biden’s victory is "very thrilling", it is a huge unknown and since "We are discussing 14th Five-Year plans and China’s macroeconomics we must take Trump's comeback into consideration."







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