A worker wearing a mask guides the loading of a shipping container at a port in Qingdao, China. Photo: AP
Macroscope by Aidan Yao
US-China trade war: who is really bleeding more from Donald Trump’s tariffs?
The US president sought to bring jobs and manufacturing back home. But while China has lost market share in the US, it is to other exporters like Vietnam. Also, China appears to have figured out how to maintain supply chains in the region
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.