https://www.scmp.com/rss/501600/feed Patrick Zweifel is chief economist at Pictet Asset Management. He has a PhD in econometrics from the University of Lausanne, and previously worked at the World Bank and the European Commission. Having joined Pictet in 1997, he has been crucial in building the firm’s macroeconomic research. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com The United States’ trade war may be dealing a blow to China’s economy, but it could well be a blessing in disguise. This is because the dispute between the world’s two largest economies is accelerating the process in which China replaces the US as the dominant force in the global financial system. If China is able to deliver tough but necessary reforms to make this happen, its capital markets will transform into a major asset class no international investor can afford to ignore. The US, which... https://www.scmp.com/comment/opinion/article/3019901/trade-war-pushing-china-make-market-reforms-it-needs-cope-its?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3019901/trade-war-pushing-china-make-market-reforms-it-needs-cope-its?utm_source=rss_feed Fri, 26 Jul 2019 04:00:05 +0000