Beijing’s new Asian trade deal will stimulate growth and is making Chinese assets more attractive to global investors. The bull market in Chinese stocks continues.
Even before the COVID outbreak, we noted that China was one of the few governments bucking the de-globalization trend, which accelerated under the outgoing Trump administration. As we wrote in WILTW November 14, 2019: “At a time when globalization has demonstrated signs of peaking and even declining in most places around the world, China’s efforts toward increased opening-up and greater facilitation of trade and investment flows have given the world a precious beam of hope.”
Now, Beijing is more determined than ever to carry its re-globalization efforts further. After seven years and 35 rounds of tough negotiations and last-minute compromises, China and the EU finally managed to sign a milestone deal, namely, the Comprehensive Agre...
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