The incoming Biden administration will probably be a great deal more friendly to Beijing than the Trump administration was.
Although now-President-elect Joe Biden was pushed to be more hawkish toward China during the campaign due to the general popularity of President Donald Trump’s hard-line stance on the communist regime, actually confronting Beijing is a different matter.
In at least one key matter, however, the new president won’t have to take any action.
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According to Reuters, the New York Stock Exchange will uphold the delisting of three Chinese telecom companies after previously saying it would reverse the delistings.
The move was made after Treasury Secretary Steve Mnuchin said he personally disagreed with the NYSE decision to put the three companies back on the exchange.
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China Mobile Ltd., China Telecom Corp Ltd. and China Unicom Hong Kong Ltd. were
