The sight of Hangzhou’s railway station packed to the rafters during China’s Golden Week holidays in early October was a powerful symbol of the country’s swift recovery from Covid-19. With mobility restrictions long lifted, more than 600 million Chinese crisscrossed the country to visit family and friends — providing an important boost to domestic consumption in the process.
What Will the U.S.-China Relationship Look Like in the Biden Era?
A survey of economists projects that the economic and technological gaps between the countries will continue to narrow.
January 07, 2021
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Summary.
Barring an unforeseen political collapse or economic crisis, the author’s projections show China continuing to narrow the U.S.’ economic and technological advantage over the next five years. This is despite the potentially positive impact of a Biden presidency for the U.S. economy, with a less combative trade policy boding well for sentiment and investment.