Most China, South Korean executives see Biden improving Washington-Beijing ties, survey shows
- Most Japanese business leaders remain pessimistic about relations between the world’s two largest economies, according to a recent survey
- Chinese business leaders are more optimistic than South Korean and Japanese executives on global economic outlook and investment this year
More than 57 per cent of executives from China and 51 per cent from South Korea said the bilateral relationship would improve or greatly improve after Biden takes office next Wednesday. However, only 25 per cent of their Japanese peers said the same.
The survey of 290 top executives, roughly 100 each from China, Japan and South Korea, was conducted by China’s Global Times, Japan’s Nikkei and South Korea’s Maeil Business News Korea from December 7 to 22 last year.
More than 60 per cent of those surveyed in each country said their businesses had been hurt by supply chain disruptions caused by the ongoing dispute between the US and China.
The Trump administration has raised tariffs on a range of Chinese imports and implemented harsh sanctions against Chinese companies such as Huawei Technologies Co., citing national security, leading to a deterioration in relations.
But many business leaders expected the Biden administration to maintain a tough stance on China when it comes to access to hi-tech equipment and components.
