PALO ALTO, U.S. -- President Joe Biden's recent crackdown on Chinese companies is testing early optimism that U.S.-Sino relations and business prospects would improve under his watch.
After Biden defeated incumbent Donald Trump at the polls last November, 39% of Chinese companies in the U.S. expected better relations between Washington and Beijing, according to an annual survey released on Thursday by the New York-based China General Chamber of Commerce, up from 33% in 2020. By comparison, 25% of the surveyed companies anticipated relations to further deteriorate, down from 30% last year.
