Chinese President Xi Jinping addresses the opening ceremony of the fifth annual meeting of the Asian Infrastructure Investment Bank via video link, in Beijing, capital of China, July 28, 2020.
Xinhua News Agency | Getty Images
(CNBC PRO is looking at the most important investing angles surrounding the election over the next week. For the complete investor’s guide, see here.)
No matter who wins the White House, the relationship between the U.S and China is likely to remain strained and the world’s largest economies will continue to distance themselves from each other.
Nearly three in four Americans have an unfavorable opinion of China, a view that grew during President Donald Trump’s trade war with Beijing and expanded again as the pandemic that started there spread across the U.S. The Pew Foundation found that 78% of Americans blame China, to some extent, for the spread of the coronavirus.
“The president has a lot of leeway, and both the Democrats and Republicans have reasonably hardline attitudes at this stage about China,” said Bruce Kasman, JPMorgan head of economic research.
But the approach of the president and former vice president Joe Biden would not be the same.