China ramps up Wall Street meetings as Trump inauguration looms
Published On Dec 10, 2024, 6:11 PM
Chinese Vice Premier He Lifeng has been proactively meeting with various U.S. financial executives as Beijing seeks to strengthen relations ahead of President-elect Donald Trump's expected tariffs on China. These meetings indicate China's intent to build relationships with members of the incoming administration to potentially soften the impact of trade policies. Among the firms represented were major players such as BlackRock, Goldman Sachs, and Citigroup. The overall tone suggests that while China is preparing for eventual trade tensions, it is also signaling a willingness to open its financial markets further to foreign investment as part of a broader strategy.
Stock Forecasts
FXI
Positive
With Trump expected to implement tariffs, relations could become strained, impacting markets sensitive to trade. However, the establishment of dialogue between China and significant financial firms might indicate a potential for mitigating extreme outcomes. Furthermore, China's strategy of inviting U.S. financial firms suggests an interest in maintaining investment levels which could positively influence sentiment towards Chinese markets in the longer term.
Related News
China Eases Overall Monetary Policy Stance for First Time in 14 Years
Dec 9, 2024, 5:49 AM
Faced with a faltering economy and falling prices, the Politburo loosened the policy approach of China’s central bank and called for “extraordinary” measures.
China eases monetary policy stance, vows more fiscal support
Dec 9, 2024, 3:10 AM
(Bloomberg) -- China’s top leaders plan to loosen monetary policy and expand fiscal spending next year, as Beijing braces for a second trade war when Donald Trump takes office next month.Most Read from BloombergA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampKansas City Looks Back on its Long, Costly Ride With MicrotransitThe 24-man Politburo led by President Xi Jinping announced it will embrace a “moderat
US Stock Futures Advance, Yen Rises on Inflation: Markets Wrap
Nov 29, 2024, 1:59 AM
(Bloomberg) -- US equity futures gained while Treasury yields fell on Friday, and the yen strengthened as Tokyo inflation data exceeded estimates. Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasEuro Stoxx 50 contracts were little changed, while the S&P 500’s climbed after cash trading was closed Thursday for the Thanksgiving holiday. The moves under