The first high-level meeting between diplomats from China and the new US administration was marked by the harshness of their positions. The rhetoric of the representatives of both countries made it clear that relations will remain tense and, most importantly, that President Biden's administration will maintain for the time being the trade and regulatory restrictions imposed by the previous administration of Donald Trump. For analysts, President Biden will need to align the multiple interests at stake before he can implement his own strategy. According to research firm Gavekal, the U.S. must manage four main edges in its relationship with China:

• National security, ensuring U.S. technological and military superiority over China.
• The importance of the Chinese market for U.S. companies, whose sales in the Asian giant are close to US$600 billion annually.
• Economic nationalism, which seeks to regain the U.S. manufacturing base.
• The defense of human rights, a growing sticking point between China and the international community.

In the coming months, one of the most important impacts could be the implementation of the Foreign Corporate Accountability Act passed by the US last year. This forces Chinese companies listed on US stock exchanges to hand over audited information, which goes against Chinese regulations, which prohibit these documents from being sent abroad. This could mean the outflow of US$2 trillion (millions of millions) in equity investments in Chinese companies listed on US stock exchanges.