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Business trends

East Asian executives expect better US-China ties under Biden

Japanese more pessimistic about COVID impact and economic outlook

A majority of Chinese and South Korean executives surveyed said U.S-China relations will improve after Joe Biden, left, enters the White House. (Source photos by AP and Reuters) 

TOKYO -- More than half of business leaders in China and South Korea expect U.S.-China relations to improve under the incoming Joe Biden administration, giving the global economy a lift, according to a recent survey by Nikkei and leading Chinese and South Korean newspapers.

In China, 57% of respondents said the bilateral relationship will improve or greatly improve after Biden takes office as president on Jan. 20, while 51% of South Korean respondents said the same. Japanese business leaders are more pessimistic, with just over 25% expecting an improvement; more than 70% predict bilateral ties will stay the same.

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