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Joe Biden’s China policy
Opinion
Tai Hui

What Biden’s urgent policy priorities mean for Asia, and the world

  • The new US president’s focus will be on taming the pandemic at home, not rolling back Trump’s trade measures against China. But the recovery of the US economy, especially the service sector, is critical to boost the global economy

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US President Joe Biden has proposed a US$1.9 trillion American Rescue Plan in response to the pandemic. Photo: AFP
With Joe Biden inaugurated as US president, investors’ attention has shifted to his policy priorities. Asian investors are keen to see if some of the more stringent trade and investment measures against China taken by the Donald Trump administration will be rolled back or eased.

Their hopes may be dashed. In the face of many urgent domestic emergencies, the Biden administration will have to focus in its early days on taming Covid-19 and revamping the government’s pandemic response. Any of Biden’s early foreign policy actions are likely to be about reconnecting the US with global institutions, traditional allies and agreements.

Biden’s priority will be tackling the pandemic and addressing the economic damage it has wrought. Tragically, the US has recently recorded daily averages of around 250,000 new infections and 3,000 deaths. This resurgent wave of the coronavirus is not only putting the health care system under pressure, it is also hurting the economy again.

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Underscoring the halting nature of the economic recovery, December data from the US Centres for Disease Control and Prevention shows that the number of people travelling to workplaces was down 31 per cent versus pre-pandemic levels, and the number going out to shops and for recreation was down 25 per cent.

Biden envisions a much more robust federal role in everything from testing to vaccine delivery. One of his key objectives is to vaccinate 100 million Americans against Covid-19 by the end of April, the 100th day of his administration. This would cover around one-third of the US population.

02:14

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So far, more than 16 million single doses of the vaccine have been administered in the US, and the daily vaccination number has risen to almost 900,000. Hence, the 100 million target is plausible if the government can effectively mobilise operations.

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