The consensus reached at this round of talks appears more substantial than at previous negotiations. Photo: Reuters
Macroscope by Aidan Yao
Interim US-China trade deal offers some relief – and a false sense of security. Investors should not be lulled
The two sides have agreed to pick the low-hanging fruit to try and head off a slowdown in their own economies, but expect subsequent discussions on thornier issues, such as technology transfer and IP protection, to be far less smooth
Aidan Yao is senior emerging Asia economist at AXA Investment Managers. Prior to joining AXA IM, he was a senior financial market analyst at the Hong Kong Monetary Authority for two years. He started his career at the Reserve Bank of New Zealand in 2007, serving as an economist and later senior financial market analyst until late 2011. He holds a master degree in finance (2006) and a bachelor degree in economics and finance (2005) from the University of Otago (NZ). He is also a chartered financial analyst.