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John Woods
John Woods
John Woods is chief investment officer for Asia-Pacific at Credit Suisse

While Biden is likely to stabilise relations with China, a divided Congress implies a low growth, low interest rate environment that will increase investor scrutiny of Asian equities.

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With the arrival of next-generation mobile networks, new services like remote surgery will be suddenly feasible. More immediately, expect a boom in video traffic and augmented reality content.

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The trade war rhetoric doesn’t reflect the reality of China-US relations. To understand where Beijing and Washington are headed, consider their economic interdependence, their stock markets and the coded messages they have been sending.

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The global production decline appears temporary and China’s own infrastructure spending is picking up. Combined with possible progress in the trade war, this points to a path of recovery for China’s equities.

Credit Suisse forecasts 10-year Treasury yields will move no higher than 3 per cent over the next 12 months – from 2.9 per cent currently – suggesting only a limited move higher from current levels