China’s tech industry relieved by Biden win – but not relaxed

China’s technology industry, one of President Donald Trump’s main targets in Washington’s tussles with Beijing, hopes Joe Biden can create a more constructive relationship – but few think the rivalry will deescalate, executives and analysts say.

Trump’s four-year term has already taught the industry the importance of self-reliance, and China’s intentions to improve its domestic tech capabilities will not change, they said.

“When Biden takes office, tech companies in China might be relieved,” said Fang Xingdong, director of the Consortium of Internet and Society at the Communication University of Zhejiang.

“At least, the United States is supposed to re-advocate openness, re-respect fair competition, and re-advocate innovation,” Fang added.