How must the savvy investor prepare, if the world turns bipolar and splits into economic halves around US and China by 2030?
The world could be moving to a bifurcated economic system centred around the United States and China " including separate capital markets " within the next decade, according to Yves Bonzon, the chief investment officer of Swiss private bank Julius Baer.
The Trump administration has reportedly been discussing limiting financial investments between the two countries and a potential delisting of Chinese companies on US stock exchanges until Beijing agrees to reforms, a concept raised by former Trump adviser Steve Bannon earlier this year.
The US Treasury denied last week there were plans to stop Chinese companies from listing in the US, a denial that was echoed by Trump's chief economic adviser Larry Kudlow who said on Tuesday that delisting of Chinese firms was "not on the table". Kudlow sa ...