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At the Apec summit, Xi Jinping expressed China's desire for stable relations with the U.S. while warning of potential escalation under a Trump administration, which plans aggressive trade policies. Xi emphasized China's core interests, including Taiwan and development rights, and cautioned against attempts to curb China's influence. The meeting highlighted ongoing tensions between the two superpowers amid a backdrop of trade disputes and geopolitical challenges.
Biden's final meeting with Xi Jinping resulted in agreements on AI and nuclear issues, contrasting with Trump's anticipated hawkish stance towards China, including potential tariffs and appointments of critics of Beijing. Xi cautioned against harmful competition, emphasizing the need for stable U.S.-China relations. National security adviser Jake Sullivan noted Biden's focus on ensuring a smooth transition to the incoming administration while maintaining communication and cooperation.
U.S. President Joe Biden and Chinese President Xi Jinping are set for a tense meeting in Lima, Peru, amid rising tensions over cybercrime, trade, Taiwan, and Russia, just before Donald Trump's inauguration. The leaders aim to stabilize relations during this transition, as China seeks to ease tensions and strengthen ties in Latin America. Meanwhile, Biden's trade policies and Trump's proposed tariffs pose significant challenges to U.S.-China relations.
Pressure on offshore Chinese equities has increased following the US election, with US-listed Chinese ADRs and the Hang Seng index down approximately 7.9% and 5.5%, respectively. The incoming administration's cabinet, featuring figures known for their tough stance on China, suggests a potential rise in tariffs, prompting a revision of MSCI China targets. Investors are advised to shift focus towards defensive and high-yielding sectors like financials, utilities, energy, and telecoms, which are expected to perform better amid strained US-China relations.
Donald Trump has appointed Florida congressman Mike Waltz as his national security adviser, signaling a strong alignment with Republican leadership as they prepare to advance his agenda in the 119th Congress. Speaker Mike Johnson emphasized the importance of every vote, given the narrow margins and potential challenges ahead, including the need for bipartisan support on key legislation. While Republicans hold a majority in the Senate and are optimistic about the House, hurdles remain, particularly with the Senate filibuster potentially blocking some of Trump's more ambitious proposals.
Hedge fund veteran Kyle Bass praised the anticipated appointments of strong anti-China advocates to President-elect Donald Trump’s cabinet, highlighting Senator Marco Rubio and Representative Mike Waltz's understanding of the significant threat posed by China to Western security. Bass expressed concern that these appointments could strain US-China relations.
UBS has downgraded its forecast for Chinese equities, citing concerns over potential US tariffs and ineffective domestic stimulus measures. The MSCI China Index target for mid-2025 has been revised from 76 to 67, reflecting growing geopolitical risks and a weak economic outlook. Despite government efforts, the real estate sector remains fragile, and consumer spending is subdued, leading to a pessimistic market sentiment.
UBS Global Wealth Management has downgraded its forecast for Chinese stocks, reducing its mid-2025 target for the MSCI China Index from 76 to 67, and its end-2025 target from 79 to 74. This decision comes amid concerns over potential US tariffs and disappointing stimulus measures from China. Following a brief rally, the index has fallen back to 67, reflecting investor disappointment in the Chinese government's economic response amid Donald Trump's re-election and his proposed tariffs on imports.
UBS Global Wealth Management has downgraded its forecast for Chinese stocks, reducing its mid-2025 target for the MSCI China Index from 76 to 67, citing concerns over potential US tariffs and disappointing stimulus measures. Following a recent rally, Chinese stocks have lost momentum, influenced by pessimism regarding China-US relations and a lack of effective support for consumption and the struggling property sector.
Donald Trump is set to expand domestic oil and gas production and relax environmental regulations in his second term, while also seeking to withdraw from the Paris Climate Agreement. His administration is shaping up with hardliners, including Stephen Miller as deputy chief of staff and Kristi Noem as Secretary of Homeland Security, focusing on mass deportations and a tough stance on China. Marco Rubio is likely to be appointed Secretary of State, and Elise Stefanik will serve as UN Ambassador, with plans to relax EPA regulations while maintaining environmental standards.
Mike Waltz
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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