Big Take Live from Hong Kong: Why China Can Afford to Wait for a Deal, and the US Can’t
Jun 15, 2025
In this engaging discussion, Robin Xing, Chief China Economist at Morgan Stanley, Hao Hong, Managing Partner and Chief Investment Officer at Lotus Asset Management, and Rebecca Choong Wilkins, Asia economics reporter for Bloomberg, dissect the U.S.-China trade dynamics. They highlight why China has the leverage to bide its time in negotiations, the implications of export controls, and China's economic resilience amid global pressures. The conversation also explores how shifting economic landscapes affect both nations and the broader market.
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China's Rare Earths Leverage
- China leverages rare earths as strategic bargaining chips in trade talks.
- Their dominance in refining and magnet production influences tech and defense globally.
China’s Patience Advantage
- China can deliberately delay rare earth export licenses while technically not breaching agreements.
- Chinese consumers and leadership demonstrate resilience and endurance in trade tensions.
China’s Growth Outlook Resilience
- Despite global downward growth revisions, China's forecast remains steady or even positive.
- This positions China relatively stronger economically during ongoing trade tensions.