There's a significant risk catching economist Stephen Roach's attention, and it has nothing to do with earnings season.
Roach, one of the world's leading authorities on Asia, is concerned U.S.-China relations could erode further in the coming weeks. "There are a lot of balls in the air right now that are very worrisome," the former Morgan Stanley Asia chairman told CNBC's "" on Wednesday. "You've got a real problem here, and it's one that worries me a lot, and I think the markets are completely ignoring."
Roach sees bipartisan in the Senate for the Strategic Competition Act of 2021 as a troubling development. His reason: it reflects a hard-line approach against China that could spark retaliation. "My fear for the last several years is that what started out as trade war would turn into a tech war, and then eventually morph into a cold war," Roach said. "Those fears have come to pass. Just this week, there are significant developments that lead me to underscore that risk."'The annual threat assessment was released yesterday [Tuesday] by the office of national intelligence and it clearly labeled China as America's No.
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Bernstein picks the 'quality' China stocks to buy as Asia markets rallyThe extent of the value rally 'remains below average levels seen historically leaving further room for upside,' Bernstein's analysts wrote in a research note.
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The new U.S. plan to rival China and end cornering of market in rare earth metalsThe US has long relied on China for rare earth metals, but domestic supply chains are being pursued as climate and technology investments increase under Biden. I still can't believe that this samantha_subin was willing to cover growing bacteria on potato water for REE extraction in this article, but didn't bother to mention other producers ramping up like $VTMXF vital_metals. Or even $AREC. I guess it was early. Or holds $MP.
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Starbucks faces more competition from local beverage brands in China, its biggest market outside the U.S.Investors in China are stepping up their bets that locals will buy more beverages that aren't from Starbucks. LOL Luckin
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1 killed, 12 wounded in market explosion in Iraq's capitalA powerful explosion rocked a market in Baghdad, killing one person and injuring 12 others, according to Iraq's military. The cause of the blast was not immediately known. It sent a cloud of black smoke above the area. Hey guys Raised hand Please support new journalism Please subscribe our channel It needs only 1sec Your 1sec and 1 sub means a whole world to someone Thank you :) thank you very much for your work Insurrection style rIots are destroying America under a weak President and party but you fail to report that. Where is the Hunter/Joe corruption stories? You ARE jokes and the enemy.
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Big business seeks unified, market-based approaches ahead of climate summitCorporate executives and investors say they want world leaders at next week's climate summit to embrace a unified and market-based approach to slashing their carbon emissions. CNN dude blew the game. It's all bullshit with the goal of totalitarianism. Your changing lives with your trades Mr Alex Wilson 💯, My crypto trade is at this moment 120% in a profit and my BTC trade 150% in profits and that's a great profits. Mr Alex can be reached on Telegram
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