NEWS: Believe that the United States will eventually soften its attitude towards China
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Invesco, the global asset management company, said on Friday that it believed the United States would eventually soften its attitude towards China, but only after its economy was affected. The agency also said it was not worried about data showing a slowdown in the U.S. economy.
Investors welcomed the smooth progress of President Trump's talks with Chinese President Xi Jinping at the G20 summit. Later, the White House announced that trade representative Letter Heyzer would be responsible for the negotiations with China. The arrest of Chief Financial Officer (CFO), a Chinese technology company, was believed to affect the prospects of Sino-US trade relations. Investor sentiment turned negative.
Kristina Hooper, chief global market strategist at Jingshun, said in a recent comment that the changes were allergic to reactions. "The market must assume that the trade truce will be relatively short and that the situation may deteriorate," he said.