The coronavirus pandemic might have peaked, but the political fallout from it is just picking up pace and investors are getting very worried, said an economist on Wednesday.
Political risks and U.S.-China trade tensions "look like something that will pick up," said Zhiwei Zhang, president and chief economist of Pinpoint Asset Management.
These tensions will build up going into the U.S. presidential elections, hitting the currency market with the Chinese yuan weakening in volatile trade. China's President Xi Jinping and U.S. President Donald Trump attend a welcome ceremony at the Great Hall of the People in Beijing on November 9, 2017.pandemic might have peaked, but the political fallout from it is just picking up pace and investors are getting very worried, said an economist on ednesday.
"The virus situation already peaked," according to Zhiwei Zhang, president and chief economist of Pinpoint Asset Management. "On the margin, it's gradually improving. There are always concerns about a second wave as long as the general public as well as the governments are aware of that risk, the risk is contained to some extent," he told CNBC on Wednesday.tensions "look like something that will pick up," Zhang said.
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