Opinion | US-China relations: Biden’s victory over Trump can turn down the heat
- US and Hong Kong business communities can expect more stable leadership while a divided Congress means radical changes or huge spending packages are unlikely
- There will always be differences, but the US and China must be on reasonable terms for both their sakes and for that of the world
The results suggest that Americans remain divided over many important issues. However, US democratic institutions are well established and resilient. In fact, there was a turnout of 65 per cent, the highest in more than 100 years.
A clear majority of Americans rejected Trump’s chaotic and polarised leadership. I think this is a good thing for the US, the world and Hong Kong.
What will a Biden presidency mean for Hong Kong? Will he change the direction of US policy on the economy or China?
06:04
US-China relations: Joe Biden would approach China with more ‘regularity and normality’
Economic analysts are bullish about the election results. They welcome a return to stable leadership and see the overall US political picture as a dream scenario for Wall Street and corporations. Barring unexpected results in two legislative run-off elections in Georgia, the Senate will most likely remain in the hands of Republicans.