China ramps up Wall Street meetings as Trump inauguration looms

Published On Dec 10, 2024, 6:11 PM

Chinese Vice Premier He Lifeng has been proactively meeting with various U.S. financial executives as Beijing seeks to strengthen relations ahead of President-elect Donald Trump's expected tariffs on China. These meetings indicate China's intent to build relationships with members of the incoming administration to potentially soften the impact of trade policies. Among the firms represented were major players such as BlackRock, Goldman Sachs, and Citigroup. The overall tone suggests that while China is preparing for eventual trade tensions, it is also signaling a willingness to open its financial markets further to foreign investment as part of a broader strategy.

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With Trump expected to implement tariffs, relations could become strained, impacting markets sensitive to trade. However, the establishment of dialogue between China and significant financial firms might indicate a potential for mitigating extreme outcomes. Furthermore, China's strategy of inviting U.S. financial firms suggests an interest in maintaining investment levels which could positively influence sentiment towards Chinese markets in the longer term.

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