Mind the Tech 2019
The U.S.-China Tension Will Not End Soon, Says BlackRock Executive
Wei Li, head of EMEA investment strategy for BlackRock, spoke Thursday at Calcalist’s third Mind the Tech conference in London
12:4712.09.19
The tension between the U.S. and China will last for a long while, meaning it is a good time to think about diversifying, according to Wei Li, head of EMEA investment strategy for New York-headquartered BlackRock Inc. Speaking Thursday at Calcalist’s third Mind the Tech conference in London, Li said investors need to understand that trade war aside, the economy of both nations is still growing and therefore there is no need to be apprehensive about new investments. At a time like this, she said, a middle ground needs to be established between growth investments and defensive investments.
The past year has been a very good year economically, Li said. When considering the economies of both countries, it is apparent that China will soon become the first superpower, as its growth accounted for a third of global growth in recent years and it is expected to pick up even more significantly after 2025, she said.
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China must have a place in every multinational investment portfolio, and many indices have already come to that realization and started including China, Li said.
