Does the US presidential election have an impact on China's economy?

The impact of the US election results on China's papermaking industry is included in the overall economic impact. The economic impact is multifaceted, involving trade, financial markets, policies, international environment and other fields.

1. Trade policy Tariff policy: The Trump administration has imposed a number of high tariffs on China during its term. The increase in tariffs on China's papermaking industry started with Trump. Although the Harris administration also imposed tariffs on China, it was relatively mild. If Harris is elected, the stability of Sino-US economic and trade relations will increase, which is a positive signal for Chinese companies and will help reduce trade frictions and uncertainties.

2. Financial market stock market performance: Goldman Sachs strategists expect China's stock market to rise in the next 2-3 months after the US presidential election. However, if Trump wins, the market may have a subconscious negative reaction. China Paper Information Network believes that the Chinese stock market is resilient and China's risk sentiment may turn bullish after the election.

3. Economic policy Fiscal policy: Trump promised to cut government spending, but it may be difficult to achieve in actual operation. Harris plans to increase government spending, especially in social welfare and infrastructure construction. These policies will have an impact on global commodity prices and related industries in China.

4. International relations and geopolitics: Trump's foreign policy is more isolationist, which may have a certain impact on China's strategic space in the international arena. Harris may adopt a more cooperative attitude, which will help improve Sino-US relations and reduce geopolitical risks. In summary, the impact of the US election results on China's economy is complex and multidimensional.

However, China's economic resilience and the government's response measures will help alleviate these negative impacts. Regardless of who is elected, the US policy toward China will not change.Therefore, there will be no impact on China's paper industry, and China's paper industry can operate steadily.