Asian Fixed Income/Frontier Market Research

Bondcritic

Bondcritic, established in 2009, is designed to be an independent credit research voice that helps investors gain insights and unbiased analyses on Asian fixed income market. Our mission is to discover deep-value Asian high-yield and distressed bonds with a bottom-up approach, together with the help of our proprietary ESG (Environmental, Social Development, and Governance) model. At the same time, we focus on bringing investment cases of unrated and unloved issuers to the general public.

Trade War & Mexico/Military Manoeuvres/Monetary Policy/Yuan & Opening/Steel

China Economist

Kerry Liu

Macroeconomics

<p>The China-US trade war has clearly escalated. We believe the trade war is on for a long haul and we are not alone. China is the one bearing the brunt in the near term but there are also uncertainties that could alleviate the situation. It also appears that China has shifted its focus to domestic issues while preparing a long-term dispute with the US.</p>

The China-US trade war has clearly escalated. We believe the trade war is on for a long haul and we are not alone. China is the one bearing the brunt in the near term but there are also uncertainties that could alleviate the situation. It also appears that China has shifted its focus to domestic issues while preparing a long-term dispute with the US.

MSCI AC Asia ex Japan Index (MXASJ INDEX)

China Economics: The China-US Trade War Escalation