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Aljazeera – Four more years? Why China wants Trump re-elected in 2020 polls

Summary:
Despite trade-war pain, China reportedly sees chance to take geostrategic lead if President Trump wins re-election. "If Biden is elected, I think this could be more dangerous for China, because he will work with allies to target China, whereas Trump is destroying U.S. alliances," said Zhou Xiaoming, a former Chinese trade negotiator and former deputy representative in Geneva. Four current officials echoed that sentiment, saying many in the Chinese government believed a Trump victory could help Beijing by weakening what they saw as Washington's greatest asset for checking China's widening influence. The general assumption underlying their views was that little could be done to halt the slide in relations between the world's two biggest economies. Thus, China needed to accelerate

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Despite trade-war pain, China reportedly sees chance to take geostrategic lead if President Trump wins re-election.


"If Biden is elected, I think this could be more dangerous for China, because he will work with allies to target China, whereas Trump is destroying U.S. alliances," said Zhou Xiaoming, a former Chinese trade negotiator and former deputy representative in Geneva. Four current officials echoed that sentiment, saying many in the Chinese government believed a Trump victory could help Beijing by weakening what they saw as Washington's greatest asset for checking China's widening influence.

The general assumption underlying their views was that little could be done to halt the slide in relations between the world's two biggest economies. Thus, China needed to accelerate efforts to develop high-end indigenous industries, expand into developing markets and look for opportunities to work with nations in Europe and Asia to counter any U.S. isolation efforts.

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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