Trade War Won't Knock China Off Course to Superpower Status

While the US pulls back from international trade relationships and focuses on protecting domestic industries, China has been spreading its influence

Emma Wall 13 November, 2018 | 9:17AM

Chinese President Xi Jinping China Asian equities Asia stock market belt and road

The US trade war will have little impact on China over the long term, as the nation usurps America as the global superpower, according to one asset manager.

While the US is intent on pulling back from international trade relationships and focusing on protecting domestic industries, China has been spreading its influence across Asia and Africa. Robert Horrocks, chief investment officer of Matthews Asia says far from shaking in their boots at Donald Trump’s tweets, China is actually driving future of international trade.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Matthews Asia Funds Asia Dividend I USD18.96 USD-0.13

About Author

Emma Wall  is former Senior International Editor for Morningstar

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