New York - A report by the consultancy firm PricewaterhouseCoopers and the Swiss investment bank UBS hails China as the “vanguard of a new industrial revolution,” but warns that if the ongoing trade dispute between the United States and China escalates to an all-out trade war, both countries could see significantly lower economic growth before policy responses.
In the report, titled “New Visionaries and the Chinese Century,” the role of Chinese structural changes in generating wealth is highlighted while the USA continued to be seen as the biggest wealth concentration powered by technology, consumer and retail sectors.
“We need to consider how a maturing economic cycle could affect investors, including billionaires specifically,” Mike Ryan, Americas chief investment officer with UBS Global Wealth Management said as quoted by China’s Xinhua press agency. “We expect the bull market to continue, but we need to pay close attention to global dynamics that could pose disruptions in coming months, such as further rate hikes...and trade disruptions.”
New York - A report by the consultancy firm PricewaterhouseCoopers and the Swiss investment bank UBS hails China as the “vanguard of a new industrial revolution,” but warns that if the ongoing trade dispute between the United States and China escalates to an all-out trade war, both countries could see significantly lower economic growth before policy responses.
In the report, titled “New Visionaries and the Chinese Century,” the role of Chinese structural changes in generating wealth is highlighted while the USA continued to be seen as the biggest wealth concentration powered by technology, consumer and retail sectors.
“We need to consider how a maturing economic cycle could affect investors, including billionaires specifically,” Mike Ryan, Americas chief investment officer with UBS Global Wealth Management said as quoted by China’s Xinhua press agency. “We expect the bull market to continue, but we need to pay close attention to global dynamics that could pose disruptions in coming months, such as further rate hikes...and trade disruptions.”
Bagikan Berita Ini
Related Posts :
Cotton USA Networking 2019 Dukung Pelaku Industri Fashion Kolaborasi Bareng Pemerintah - Liputan6.com- Lebih dari 200 Pelaku Industri Tekstil Ikuti Cotton USA Networking 2019 - Bisnis.com
- Cotton USA Perkuat Kolaborasi dengan Pemerintah | indopos.co.id - Indopos
- Baju Rancangan Desainer Indonesia Melenggang di Kontes Miss USA 2019 - InsertLive
- Ini Remaja Cantik Juara Miss Teen USA 2019 yang Viral karena Rambut Kribo - Detikcom
0 Response to "China-USA, UBS warns against trade war's risks"
Post a Comment