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"Cutting taxes when the (US) economy is seeing full employment is likely to suck in more imports to satisfy some of the extra demand. The (US) trade deficit is already running at a 10-year high (and half of that is with the Chinese mainland) and is set to increase. The risk of trade friction seems likely to intensify in the coming year," cautioned Richard Jerram, chief economist at Bank of Singapore — the private banking arm of OCBC Bank.
"Even if you exclude the epidemic, the industry still has witnessed significant developments in the past five years. These include a peak in the growth of the traditional game industry, the rise of esports and the rapid growth of products utilizing existing intellectual property.
"Establishing an asset management subsidiary will prevent risks arising from the asset management business from spreading to the parent bank," said Zeng Gang, director of banking research at the Chinese Academy of Social Sciences' Institute of Finance and Banking. He said investors will now only be able to hold the parent bank financially responsible for losses equal to the extent of its investment in the subsidiary, rather than the full extent of any losses, as had been expected previously.
"Despite the attraction of the China market and its considerable private sector, China's economic model is amplified through highly strategic initiatives, including the Belt and Road," said Charlene Barshefsky, former US trade representative.
"Each of us believes that the conduct of President Trump described in Special Counsel Robert Mueller's report would, in the case of any other person not covered by the Office of Legal Counsel policy ... result in multiple felony charges for obstruction of justice," the statement said.