Former Chinese FinMin: US-China trade fictions unlikely to ease even with Biden’s presidency

Former Chinese Finance Minister Lou Jiwei expressed his view on the likely US-China trade relationship on Biden’s presidency.

Key quotes

“Even if Biden is president, US-China trade frictions won't necessarily be eased. “

“Financial institutions should be determined to deleverage debt levels in an orderly manner, prevent debt-fuelled recovery.”

“It is time to study the exit of monetary policy, not fiscal policy.”