Despite trade-war pain, China reportedly sees chance to take geostrategic lead if President Trump wins re-election.
"If Biden is elected, I think this could be more dangerous for China, because he will work with allies to target China, whereas Trump is destroying U.S. alliances," said Zhou Xiaoming, a former Chinese trade negotiator and former deputy representative in Geneva. Four current officials echoed that sentiment, saying many in the Chinese government believed a Trump victory could help Beijing by weakening what they saw as Washington's greatest asset for checking China's widening influence.
The general assumption underlying their views was that little could be done to halt the slide in relations between the world's two biggest economies. Thus, China needed to accelerate efforts to develop high-end indigenous industries, expand into developing markets and look for opportunities to work with nations in Europe and Asia to counter any U.S. isolation efforts.
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