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By Mark DOWDING, CIO at BlueBay Asset Management
Further negative comments with respect to the US/China trading relationship have continued to weigh on risk assets in the past week, as prospects for a trade deal dim and tit-for-tat measures point to a protracted stalemate, which may weigh on Chinese growth prospects and global trade more broadly. Moves to stop firms from supplying Huawei go beyond steps seeking to limit the access of the Chinese telecoms player in the roll-out of 5G infrastructure and speak more clearly towards a narrative of a new ‘cold war’ type of relationship, related to technology and the battle for economic supremacy.
East/West power balance seesaws
It appears that Beijing misjudged...
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