Climate change, Taiwan, human rights. These are some of the issues that have obscured, so far, the main theme of the Trump administration bequeathed to his successor, Joe Biden: trade with China and its imbalances with the US, an issue that cannot be postponed anymore.
Before Liu He, the Chinese vice premier with a masters in public administration from Harvard and Katharine Tai, the Chinese-born lawyer who grew up in Taiwan, American trade representative from March 18, reactivate bilateral trade negotiations, the Biden administration asks, however, a review of the tasks assigned to China.
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In order to put an end to the tariff war that started in 2018, Beijing accepted strict conditions including the purchase of 200 billion American products in two years, but the world has changed since the agreements signed in January 2020, in full pandemic. A year later, at the end of Phase 1, China had imported only two fifths, in agriculture products worth 23.5 billion (instead of 36.6), in energy just 9.8 out of 25.3 planned.
An extraordinary year, full of contradictions, 2020, in which China has restarted, however, so much so that the ports of Shanghai have reached the top of world traffic with a total volume of international trade equal to 8.75 trillion yuan.
On the protection of intellectual property, on the other hand, from 1 June China will be able to outline the most progressive law in its recent history, on the currency front the strong yuan will speak for itself, whose expected growth trend will be useful to avoid the accusation of manipulation of the currency downward and also on the opening of financial markets promised to the Americans, China boasts several tricks up its sleeve: despite the pandemic, in fact, the reforms have never stopped.