Better ties: A woman walks past a giant TV screen broadcasting news of Joe Biden delivering his speech at a mall in Beijing. In his first address as president-elect on Saturday, Biden indicated he would immediately reverse Trump’s decision to leave the Paris climate agreement and WHO, which could open the door for better cooperation with China. — AP
BEIJING: Joe Biden’s US election victory will encourage China to try and renegotiate Donald Trump’s trade deal, viewed in Beijing as being “twisted” in Washington’s favour, according to advisers to the Chinese government.
The phase one trade deal was hammered out after months of painful negotiations and 18 months of trade war tariffs piling up on both sides. It saw China commit to buying US$200bil in additional US goods on top of 2017 levels, but stopped short of forcing major structural changes to China’s economic model.
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