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A Messy Financial Divorce for the US and China

First published: Project Syndicate 30/12/2020

Relations between the United States and China are at perhaps their lowest ebb since they were normalized in 1979. Yet, when it comes to finance, competition is only part of the story. While the US government is pursuing financial sanctions against China, American financial firms are lining up to do more business there – and China is more than happy to welcome them. Will this disconnect persist under President-elect Joe Biden? Read on….