Page 4 - பல்கலைக்கழகம் ஆஃப் ஆக்ஸ்ஃபர்ட் சீனா மையம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

George Magnus
December 31, 2020 09:19
Relations between the United States and China are at perhaps their lowest ebb since they were normalized in 1979. Yet, when it comes to finance, competition is only part of the story. While the US government is pursuing financial sanctions against China, American financial firms are lining up to do more business there – and China is more than happy to welcome them. Will this disconnect persist under President-elect Joe Biden?
Over the last four years, US President Donald Trump’s administration has often employed financial levers in its clash with China. For example, it has taken action to block federal government pension plans from investing in Chinese equities, and enacted sanctions against Chinese officials in Xinjiang Province (over human-rights violations) and Hong Kong (over the mainland government’s introduction of draconian national security legislation). ....

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