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Chinaâs multilateral pacts seen as more political than economic
Investors believe the nation s multilateral cooperation objectives with Europe and Asia are mostly based on efforts to expand Beijing s political reach versus that of the US.
China’s multilateral agreements with the European Union (EU) and Asia as well as its international cooperation white paper published this month are seen by some experts as political manoeuvres that highlight China’s ambition to advance its influence in light of its tension with the US.
However, it will likely take time for investors to see any concrete effect of the agreements, given the uncertainty of the broader economic environment and tense US-China relations.
2021 Investment Outlook: Asia and Emerging Markets Poised to Lead Global Economic Recovery
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(image: Korea Bizwire)
HONG KONG and SINGAPORE, Dec. 28 (Korea Bizwire) 2020 has been an eventful year which saw some of the toughest social, economic and political challenges in recent times. While stabilization of markets seems to be within reach with the introduction of new COVID-19 vaccines and new leadership in the US, investors should expect the process to be gradual and long as the structural changes caused by the pandemic will take time to reverse if not already permanently shifted, Manulife Investment Management says in its regional outlook for the year ahead.