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If Joe Biden wins in November, don& #39;t expect a dramatic improvement in U.S.-China ties
Here& #39;s the story of how China lost Biden - and America
Latest from me and @dantenkate for @BW
https://www.bloomberg.com/news/articles/2020-04-23/a-biden-presidency-wouldn-t-mean-better-u-s-china-relations">https://www.bloomberg.com/news/arti... @bpolitics @QuickTake
Here& #39;s the story of how China lost Biden - and America
Latest from me and @dantenkate for @BW
https://www.bloomberg.com/news/articles/2020-04-23/a-biden-presidency-wouldn-t-mean-better-u-s-china-relations">https://www.bloomberg.com/news/arti... @bpolitics @QuickTake
As recently as 2016 Biden was promoting his “friendship” with Xi, but by this February he was characterizing him as a "thug"
Biden& #39;s rethink on Xi and China is worth paying attention to as the former VP has spent as much time with Xi as any other top U.S. politician
Biden& #39;s rethink on Xi and China is worth paying attention to as the former VP has spent as much time with Xi as any other top U.S. politician
Biden& #39;s ties with China date back a long way. In 1979, Biden, aged just 36, led a congressional delegation to the Chinese capital, where the group met with Deng Xiaoping and hashed out a deal on monitoring Soviet arms-control efforts—one leg of an unlikely Cold War partnership
This cooperation was temporarily upended by the Tiananmen massacre, which prompted Biden and the entire Senate to vote for sanctions
But relations thawed out by the mid-1990s, in large part because of the eagerness of U.S. companies to access the Chinese market
But relations thawed out by the mid-1990s, in large part because of the eagerness of U.S. companies to access the Chinese market
But there was also an ideological justification for engaging with China, one which Biden spelled out in 2000 when he voted to back the normalization of trade relations:
“The more they have to lose, the more they are likely to begin to accommodate international norms,” he said
“The more they have to lose, the more they are likely to begin to accommodate international norms,” he said
The vote paved the way for China& #39;s WTO membership, helping to bolster decades of already impressive growth
Through the end of the Bush administration, Biden seemed to think the bet might still pay off: China was “neither” an ally nor an adversary, he said in a 2007 debate
Through the end of the Bush administration, Biden seemed to think the bet might still pay off: China was “neither” an ally nor an adversary, he said in a 2007 debate
Then, relations started going downhill. China grew more assertive as Hu Jintao came to the end of his term
It moved to assert claims to disputed territory and became much more confident in the superiority of its economic model, which came through the crisis relatively unscathed
It moved to assert claims to disputed territory and became much more confident in the superiority of its economic model, which came through the crisis relatively unscathed
Biden got a taste of China& #39;s new attitude when he visited in August 2011. Wen Jiabao gave him a lecture on fiscal prudence
Biden said China was welcome to sell its Treasury holdings- plenty of others would buy them. No one, he said, had ever won by betting against the US economy
Biden said China was welcome to sell its Treasury holdings- plenty of others would buy them. No one, he said, had ever won by betting against the US economy
