U.S.-China tensions do not affect opportunities for investors, believes sovereign wealth CEO
Investors should not have negative sentiments about the markets even if the tension between two economy giants the U.S. and China continue to surge, the chief executive of South Korea’s sovereign wealth fund stated this week.
Choi Heenam of Korea Investment Corporation said it is in part due to the fact that relations are unlikely to shift in the near term.
“The U.S.-China dispute isn’t just political,” he told CNBC’s Tanvir Gill on the first day of the Singapore Summit. “It’s a hegemonic conflict based on structural problems rather than political interest. I think it will continue to be an overhang for the global economy, but ultimately, not destructive,” he stated on Monday.
He added he is not seeing the political aggressiveness toward China shifting much following the presidential elections in November as there is bipartisan support for Washington’s current policy toward Beijing, as reported by CNBC.