In an interview with NHK World, Senior Fellow Ke Long cautions that China will face serious economic problems if it does not make major concessions and work closely with the incoming Joe Biden administration in Washington.

“If there is further decoupling of the US and Chinese economies, we could see supply chains being reorganized and moved out of China,” Ke said.

“If multinationals leave the country, this will not only hinder the ability of Chinese companies to catch up technologically but also result in the loss of jobs, potentially leading to social instability.” 

“New US Leadership Faces Unpredictable China,” NHK World
www3.nhk.or.jp/nhkworld/en/news/videos/20210106133708676/

Profile of Senior Fellow Ke Long
www.tkfd.or.jp/en/experts/detail.php?id=31