Today, China officially congratulated Joe Biden on becoming the 46th President-elect of the United States, after days of remaining tight-lipped on the outcome of the U.S. presidential elections. President Trump has not yet conceded, and the Trump administration has signaled that it will not relent in its position towards China, regardless of who the next President will be. On Thursday, the Trump administration prohibited U.S. companies and individuals from investing in Chinese companies that purportedly support the Chinese military. The order is set to begin mid-January of next year. "The President's action serves to protect American investors from unintentionally providing capital that goes to enhancing the capabilities of the People's Liberation Army and People's Republic of China intelligence services," National Security Advisor Robert O'Brien said on Thursday.
O'Brien also criticized China after 4 pro-democracy politicians were removed from office in Hong Kong. The move was precipitated by new legislation that prevents pro-independence lawmakers from taking office, and may set off a new round of sanctions in the region. This follows Washington's newest round of sanctions on four Hong Kong officials over the semi-autonomous region's new national security law.
As tensions flare in the region, a new Biden administration would have to appoint skilled experts to liaise with China. Top contenders for Biden's foreign policy team include former ambassador to the United Nations and former national security advisor Susan Rice, former ambassador to the UN Samantha Power, former assistant secretary of state for East Asian and Pacific affairs Kurt Campbell, and others. Read more on the Biden administration's stance on China in David Shambaugh's latest article for China-US Focus.
Prepared by China-US Focus editorial teams in Hong Kong and New York, this weekly newsletter offers you snap shots of latest trends and developments emerging from China every week, while adding a dose of historical perspective.