Business China will replace the US as the world's highest...

China will replace the US as the world’s highest power by 2030: UBS survey

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President Donald Trump has dealt with his new trade with China, stating that it is a “big step” towards “the future of fair trade.” But China’s global investors see itself as the future.

vas (0) – (em em em em em em em em em em em emUBS) The survey found that 57% of global investors predict that China will replace the US as the world’s highest power by 2030. A majority agree with this attitude in all regions except the United States, where only 47% expect it to happen. “A new UBS (UBS) survey found that 57% of global investors predict that China will replace the US as the world’s highest power by 2030. A majority agree with this attitude in all regions except for the United States, where only 47% expect it will happen.

“We are in a world where economic growth is more dispersed.” t than it was, ”says Michael Crook, one of America’s investment strategy at UBS World Wealth Management, First Trade. “On the other hand, what we have seen in terms of globalization is that we are at the top of globalization, so we do not expect that this trend will continue even more strongly, as in the past 20 years. But that doesn’t change geopolitics and we need to think of allies around the world. “” Data-reactid = “17”> “We are in a world where economic growth is more dispersed than before,“ Michael Crook, American leadership investment strategy at UBS Global Wealth Management, tells First Trade with Yahoo Finance “ flip, what we have seen in terms of globalization is that we are hit by globalization, so we expect this trend to continue even more strongly, as it has been for the past 20 years. that is geopolitics and how we have to think of allies around the world. ”

((-)) ((((em em em em em em em em) em) em em em em em em Is Is Is Is Is Is Is Is Is Is Is Is Is Is Is Is Is Is Is Is go go go Is Is go go go go go go go go go go go go go go go go go go go go go go go go go go go go go ar go go go ar go go ar “Certainly affects business owners in the States United, but also many of the investors we work with abroad, ”he said Dan Roberts and Sean Smith. “data-reactid =” 18 “>“ It certainly affects US business owners, but many of the investors we work with abroad, ”he told Dan Roberts and Seana Smith.

In 2017, President XI Jinping set out his vision to turn China into a “great new socialist country” by 2050.

Pictured on Wednesday, 15 January, 2020, President Donald Trump, right, signs a trade agreement with the Chinese Deputy Principal, Liu He, in the East Room of the White House, Washington. The Chinese government welcomed an interim trade agreement with Washington and said that both sides must address each other’s “core tasks” every Thursday. (AP Photo / Evan Vucci, File)

“Chinese people will enjoy more happiness and happiness.” t be, and Chinese nation will be higher and firmer in the world, ”Xi said at the time. & nbsp; “data-reactid =” 31 “>“ Chinese people will have more happiness and well-being, and the Chinese nation will be higher and stronger in the world, ”said Xi at the time.

“But the Chinese economy is slowing down, posting a growth rate t annual average of 6.1% in 2019, the slowest pace in almost thirty years It is reported “Data-reactid =” 32 “> But China’s economy is slowing, taking an annual growth rate of 6.1% in 2019, the slowest pace in almost thirty years. And Xi seems to be taking financial experts in matters who are struggling to help boost economic prospects.

This may be part of the reason why Trump is pointing out that he is not concerned about losing high power status to China.

<P class = "canvas-atom-text canvas Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "" probably was not our relationship with China better We never went through a very rough patch, but it was never better, ”he said said in Davos at the World Economic Forum. “data-reactid =” 34 “>” Our relationship with China was probably never better. We went through a very rough piece, but it was never better, ”he said in Davos at the World Economic Forum .

And that trade deal could be part of the UBS’s reason why investors have turned that way – 60% are now optimistic about the world economy, and the number going above 68% here in the US.

“They are telling us that some of the risks we have had a year ago are not so great or not so big,” Crook said. “Political risks, trade risks, certain policy risks that are of concern to them are at least dissolved.”

“canvas-us can-text Mb (0)Read more:“data reactid =” 37 “>Read more:

“canvas-us can-text Mb (0)Why don’t we get a Stage 2 trade deal ‘sometime in 2021’?“data-reactid =” 38 “> Why don’t we get a Stage 2 trade deal ‘in a while in 2021’

“canvas-us can-text Mb (0)Why a Chinese Trump Boeing trade measure could be saved“data-reactid =” 39 “> Why a Chinese Trump Boeing trade measure could be saved

“canvas-us can-text Mb (0)Trump should receive credit from Chinese conversation to change: analyst“Data reactid =” 40 “> Trump should get credit for changing Chinese conversation: analyzes

“canvas-us can-text Mb (0)Read the latest financial and business news from Yahoo Finance“data reactid =” 41 “>Read the latest financial and business news from Yahoo Finance

“canvas-us can-text Mb (0)Follow Yahoo Finance’s Twitter, Facebook, Instagram, Flipboard, LinkedIn, YouTube, and reddit.“data reactid =” 42 “>Follow Yahoo Finance’s Twitter, Facebook, Instagram, Flipboard, LinkedIn, YouTube, and reddit.

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