Chinese Media: Next US Administration Should Prioritize Trade Relations with China
Political Turmoil Inevitable in US Society Over Presidential Election Results
Policy Focus Needed on Economy Rather Than Ideological Conflict
[Asia Economy Beijing=Special Correspondent Jo Young-shin] Amid confusion over the counting results of the U.S. presidential election, Chinese state media argued that the next U.S. administration should prioritize trade relations with China.
The Global Times reported on the 5th that the uncertainty in the U.S. has increased further following the election results, which could deal a significant blow to international relations, especially the global economy, and warned that the world must prepare for a "black swan."
With the world already facing economic difficulties due to the novel coronavirus disease (COVID-19), the political and social instability in the U.S. could lead the global economy into an unexpected crisis.
The Global Times emphasized, "Regardless of who wins the election, American society is bound to experience division," adding, "Since American society is ideologically locked in a strong confrontation, the division issue will not be easily resolved."
Lu Xiang, a researcher at the Chinese Academy of Social Sciences, predicted, "There is a high possibility that the issue of rejecting the election results will arise in U.S. politics, which will soon cause social division."
Jin Kanlong, associate dean of the School of International Studies at Renmin University of China, diagnosed, "If either side refuses to accept the results, the U.S. is likely to face a constitutional crisis."
An Gang, a U.S. political expert at Pango, a Beijing think tank, analyzed the cause of the U.S. election confusion, saying, "American voters are more concerned about the economy than the pandemic," and "Trump's failure to respond to COVID-19 did not affect U.S. voters, which is why the election is experiencing turmoil."
The Global Times stressed that the next U.S. administration "should value trade relations with China." Since many voters are interested in the economy, it argued that expanding trade with China would bring economic benefits.
The Global Times claimed that after the COVID-19 pandemic, the Chinese economy is recovering and will help the global economic recovery.
The Global Times reported, "U.S. companies, especially those heavily dependent on the Chinese market, are facing difficulties due to Sino-U.S. confrontation," and warned, "If Sino-U.S. conflicts deepen, U.S. companies will suffer significant losses."
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The newspaper added, "The next U.S. administration must consider how to establish economic and trade relations with China," and "Sino-U.S. relations are not only a bilateral issue but also a global economic issue, so restoring trust is necessary."
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