As Biden takes office, US still viewed as ‘grey rhino’ risk for Chinese economy


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HONG KONG, Jan 22 (SCMP): The outlook for China-US trade ties under a Joe Biden presidency has been met with mixed views by Chinese economists, with some saying the United States remains the nation’s biggest “grey rhino” – a very obvious yet ignored threat – in terms of economic risk this year.

Biden, who was sworn in as the 46th US president on Wednesday, inherits a bilateral relationship at historic lows and many economists are hoping he can reverse the course set by former president Donald Trump, who launched a damaging trade war in 2018.

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