UBS Warns Investors Against Hopes of ‘Reset’ in US-China Relations Under Biden


Source: namex.co namex.co

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© AP Photo / EyePress, FILE US-China relations soured under the administration of president Donald Trump, marred by escalating trade tensions and tit-for-tat sanctions. Since the present president, Joe Biden, was sworn in, political and business stakeholders have speculated on the possibility for change in Washington’s policy towards Beijing. The world’s largest wealth manager has poured cold water on the hopes of some investors that relations between the US and China, fraught with tension under the previous administration of Donald Trump, might see a reboot under Democrat President Joe Biden, according to Business Insider. US and Asia investment chiefs at...