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Gavin Newsom: China’s Preferred U.S. Presidential Candidate?

by Team Lumida
July 2, 2024
in Macro
Reading Time: 3 mins read
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Gavin Newsom: China’s Preferred U.S. Presidential Candidate?

Source: CNBC

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Key Takeaways

  1. Gavin Newsom praised in China amid Biden’s debate troubles.
  2. Newsom’s diplomatic trip to China deemed a success.
  3. Chinese social media views Newsom as a potential U.S. presidential candidate.

What Happened?

Gavin Newsom, California’s governor, gained significant attention in China following President Joe Biden’s poor debate performance against Donald Trump. Chinese social media platforms, particularly Weibo, buzzed with admiration for Newsom, sharing clips of his previous visit to China. One video alone garnered 80,000 views, with users calling him “presidential” and “well-prepared.”

Newsom met President Xi Jinping in Beijing last October, marking Xi’s first meeting with a U.S. state governor in six years. During his trip, Newsom emphasized cooperation on climate change, a stark contrast to the broader U.S. stance on China.

Why It Matters?

Newsom’s growing appeal in China highlights a potential shift in U.S.-China relations. With Biden’s commitment to remain the Democratic nominee under increasing scrutiny, Newsom’s diplomatic success positions him as a viable alternative. Henry Wang, founder of the Center for China and Globalization, noted that Newsom could serve as a “cool head among this anti-China U.S. consensus.”

Given California’s strong economic ties and significant Chinese-American population, Newsom understands the mutual benefits of U.S.-China business relations better than most American politicians.

What’s Next?

Biden’s campaign remains defiant against calls for his replacement, but Newsom’s profile continues to rise. Investors should monitor Biden’s campaign developments and Newsom’s political maneuvers. If Biden steps down, Newsom could become a key player, potentially altering U.S. foreign policy and trade dynamics with China.

Newsom’s balanced approach may lead to improved bilateral cooperation, especially in sectors like climate change and technology, which have been contentious under the current administration.

Source: Bloomberg
Tags: climate changeGavin Newsompresidential candidateU.S.-China relations
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© 2025 Lumida Wealth Management LLC is an SEC registered investment adviser. Privacy Policy. Cookies Policy.
Disclaimer Important Information This site is for informational purposes only. Information presented on this site does not constitute as investment advice.

Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability.

Lumida's website (referred to herein as the "Website") is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of the Website on the Internet should not be construed by any client and/or prospective client Lumida’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.

Any subsequent, direct communication by Lumida with a prospective client will be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides.

‍Lead Capture Forms: By submitting your contact information in the forms on this site, you are not obligated to invest in Lumida's product or services.
‍Address: Lumida Wealth Management, 25 W 39th Street Suite 700, New York, NY 10018