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Shizuo Kambayashi / AP

Donald Trump's comments thus far about U.S. trade with China have been fairly hostile, and yesterday he took steps to kill off the Trans-Pacific Partnership.

Chinese investors, however, don't seem too worried yet about Trump and his impact on cross-border mergers and acquisitions.

Cautious optimism: "He's a businessman," one Chinese investment banker told Axios during a private event in San Francisco on Monday. Ultimately, he hopes, Trump will use his business judgement in his political dealings with China and won't shut down all business interactions.

Healthy appetite: Demand from Chinese buyers for U.S. and European acquisitions is still going strong, attendees agreed.

Possible hurdles: Nevertheless, the new administration could result in a more conservative Committee on Foreign Investment in the United States (or CFIUS), according to one attorney who works works with companies involved in such cross-border deals. The inter-agency committee reviews transactions that result in foreign control of a U.S. business and whether such deals might negatively impact national security.

China's industrial priorities: In recent times, the Chinese government has been encouraging deals that help boost the country's manufacturing and industrial efficiency, two bankers pointed out. Investments in automation and robotics, for example, remain high priority.

Go deeper

Kendall Baker, author of Sports
1 min ago - Sports

2021 Tokyo Olympics hang in the balance

Illustration: Aïda Amer/Axios

10 months ago, the Tokyo Olympics were postponed. Now, less than six months ahead of their new start date, the dreaded word is being murmured: "canceled."

Driving the news: The Japanese government has privately concluded that the Games will have to be called off, The Times reports (subscription), citing an unnamed senior government source.

Biden's centrist words, liberal actions

Illustration: Sarah Grillo/Axios

President Biden talks like a soothing centrist. He promises to govern like a soothing centrist. But early moves show that he is keeping his promise to advance a liberal agenda.

Why it matters: Never before has a president done more by executive fiat in such a short period of time than Biden. And those specific actions, coupled with a push for a more progressive slate of regulators and advisers, look more like the Biden of the Democratic primary than the unity-and-restraint Biden of the general election.

2 hours ago - Technology

Review of Trump ban marks major turning point for Facebook

Photo Illustration: Aïda Amer/Axios. Photo: Saul Loeb/AFP via Getty Images

Facebook's decision to ask its new independent Oversight Board to review the company's indefinite suspension of former President Trump is likely to set a critical precedent for how the social media giant handles political speech from world leaders.

What they're saying: "I very much hope and can expect … that they will uphold our decision," Facebook's VP of global affairs Nick Clegg tells Axios.