Property market observers say president-elect Joe Biden is likely to be more friendly towards foreign investors, immigrants, renters and students than US President Donald Trump, reports South China Morning Post (9 November 2020). Georg Chmiel, executive chairman of Juwai IQI, said Biden will be viewed by investors – local and foreign – as a more rational leader. "Most Chinese clients [whom] we work with believe Biden will be more friendly to investors from overseas than President Trump has been," Chmiel said. "Biden might reverse some tariffs and have a more pro-immigrant and pro-student stance. Parents will feel less worried about sending their children to the US under Biden. They think the Chinese will be more welcome in the country," he added.