Democratic presidential candidate Joe Biden speaks before boarding his campaign plane at McCarran International Airport in Las Vegas on October 9. A Biden victory in November combined with Democrats taking both houses of Congress could spur more demand for Chinese assets and the renminbi. Photo: AP Democratic presidential candidate Joe Biden speaks before boarding his campaign plane at McCarran International Airport in Las Vegas on October 9. A Biden victory in November combined with Democrats taking both houses of Congress could spur more demand for Chinese assets and the renminbi. Photo: AP
Democratic presidential candidate Joe Biden speaks before boarding his campaign plane at McCarran International Airport in Las Vegas on October 9. A Biden victory in November combined with Democrats taking both houses of Congress could spur more demand for Chinese assets and the renminbi. Photo: AP
Neal Kimberley
Opinion

Opinion

Macroscope by Neal Kimberley

How Joe Biden beating Donald Trump could add fuel to China’s economic recovery

  • Markets might conclude that Biden’s White House will be less wedded to tariffs, which would be positive for the Chinese economy and its exporters
  • A blue wave could spark renewed US fiscal stimulus that would boost US consumer demand and benefit those countries which sell the most goods to the United States

Democratic presidential candidate Joe Biden speaks before boarding his campaign plane at McCarran International Airport in Las Vegas on October 9. A Biden victory in November combined with Democrats taking both houses of Congress could spur more demand for Chinese assets and the renminbi. Photo: AP Democratic presidential candidate Joe Biden speaks before boarding his campaign plane at McCarran International Airport in Las Vegas on October 9. A Biden victory in November combined with Democrats taking both houses of Congress could spur more demand for Chinese assets and the renminbi. Photo: AP
Democratic presidential candidate Joe Biden speaks before boarding his campaign plane at McCarran International Airport in Las Vegas on October 9. A Biden victory in November combined with Democrats taking both houses of Congress could spur more demand for Chinese assets and the renminbi. Photo: AP
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Neal Kimberley

Neal Kimberley

UK-based Neal Kimberley has been active in the financial markets since 1985. Having worked in sales and trading in the dealing rooms of major banks in London for many years, he moved to ThomsonReuters in 2009 to provide market analysis. He has been contributing to the Post since 2015 and writes about macroeconomics from a market perspective, with a particular emphasis on currencies and interest rates.