WeChat QR Code

Home>News Center

Trump's trade war against China may have a 'perverse reaction,' says CLSA economist

2018-09-11 10:32:56       source:CNBC

September 10, 2018

The growing U.S.-China trade war may well push the world's second-largest economy to work toward winning even more global clout, according to an economist at a widely followed investment group.

In fact, Eric Fishwick, head of economic research at CLSA, said the ongoing trade tussle between Washington and Beijing could actually push China to shore up both its economy and its geopolitical positioning.

"It may well have the perverse reaction of accelerating China's attempts to move up the supply curve ... to become self-sufficient (in) more and more high-tech products. And it will certainly encourage China in its moves to build more and more political and economic spheres of influence," he told CNBC's Akiko Fujita at the 2018 CLSA Investors' Forum in Hong Kong.

Read more: