US-China Relations in the Biden-Era: A Timeline
US-China Relations in the Biden-Era: A Timeline March 17, 2021 Posted by China Briefing Reading Time: 3 minutes
On January 20, 2021, Joe Biden was sworn in as the 46
th president of the United States, offering a chance to change the course of US-China relations, which had hit a low point under the outgoing Trump administration.
The four years witnessed escalating trade tensions culminating in a trade war as well as sanctions on Chinese technology companies.
Since Biden’s election, political and business stakeholders have been paying close attention to the direction of the new White House administration’s policy towards China.
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The global facility security market to reach $2.4 Billion by 2027
Amid the COVID-19 crisis, the global market for Facility Security estimated at US$ 1.1 Billion in the year 2020, is projected to reach a revised size of US$ 2.4 Billion by 2027, growing at a CAGR of 10.9% over the period 2020-2027.
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China s leaders say tech growth top priority amid US tension JOE McDONALD ,
BEIJING (AP) China s ruling Communist Party called Friday for faster technology development to increase the country s economic independence amid tensions with Washington that have disrupted access to computer chips and other high-tech components.
China also needs to improve control over its industrial supply chains and increase consumer demand to support self-sustaining economic growth, party leaders said in a statement following a meeting to set economic priorities for the coming year.
President Xi Jinping’s government is showing increasing urgency about developing Chinese competitors in electric cars, telecoms, biotech and other fields as a path to prosperity and global influence. The ruling party wants to reduce reliance on foreign suppliers, which it sees as a strategic weakness.