Washington is ready to punish China for currency manipulation, its treatment of Muslim minorities, and issues related to the South China Sea.
) to seize assets of anyone involved in “actions or policies that threaten the peace, security or stability” of contested areas of the South China Sea.
Chinese President Xi Jinping, hoping for a Democrat in 2021. But not staunch free trade critic Bernie Sanders. Preferably Joe Biden or even anti-tariff man Peter Buttigieg. If the yuan sinks to 7.50,"their tariffs go to 50%," says Michael Every, head of financial markets research for Rabobank in Hong Kong.
There is also some chatter among contrarian investors that Washington could pressure MSCI for its inclusion of the A-shares in its emerging markets index. Anyone holding an emerging market equity fund benchmarked to that index is holding Shanghai and Shenzhen listed stocks, known as the A-shares. Trump’s late afternoon press conference yesterday saying that Huawei could be part of a trade deal and a meeting at the G-20 between him and President Xi would occur enabled China's market to duck and cover. But that's not a trend. China faces serious headwinds.
A bloodletting in China's stock might make it a cheap buy for long-termers, but KraneShares' China Internet and E-Commerce fund is down 15% from its May 3rd high. Over the last 12 months, China's tech has done them no favors either, down 32%.
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