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U.S.-China Economic Ties Continue to Fray, Despite Biden-Xi Meeting

President Xi Jinping and U.S. President Joe Biden shake hands in front of China and US flags
November 18, 2022

Eswar Prasad, SAP

“Xi Jinping’s clear signals about the contours of his administration’s economic policies, which will be less favorable to private enterprise, are likely to discourage U.S. investments in China and lead to continued gradual economic and financial decoupling,” says Eswar Prasad, professor of economics and international trade policy. 

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