Trade Truce/Tech War/Market Opening/NEVs /Hong Kong

Deputy Chief Economist

Sharmila Whelan

Independent and original Asian investment research

Aletheia Capital

Aletheia Capital (HK) Ltd. (previously known as Asianomics) combines the extensive knowledge of its experienced team with technology and regulatory changes to disrupt Global Markets business in Asia. The firm is completely independent with no conflicts of interest either on Investment Banking advisory or Capital Markets execution.

Macroeconomics

<p>With both the US and Chinese economies softening and the US Fed refusing to play ball by lowering interest rates even as China’s PBOC expands monetary stimulus, it was always a question of who would blink first, Mr Trump or Mr Xi. Mr Trump has blinked. That is our takeaway from last weekend’s G20 meeting. Maybe Mr Trump is realising the US does not wield the economic and geopolitical power it used to?</p>

With both the US and Chinese economies softening and the US Fed refusing to play ball by lowering interest rates even as China’s PBOC expands monetary stimulus, it was always a question of who would blink first, Mr Trump or Mr Xi. Mr Trump has blinked. That is our takeaway from last weekend’s G20 meeting. Maybe Mr Trump is realising the US does not wield the economic and geopolitical power it used to?

Mr Trump Blinks