SINGAPORE (Nov 5): The escalating trade war between the US and China may appear as a distant problem, far removed from everyday decision-making. It is a comforting, complacent and inaccurate thought. Like it or not, it is already having a direct impact on investment decisions and capital allocation.
On Oct 31, a new China-linked company was listed on the Shanghai Stock Exchange. The business model seems sound. The company is the No 1 air freight consignor to China and has strong relationships with many of the Chinese airlines. The upstart company has in fact been in the business for 13 years.
I know the company board chairman and have worked with him on several China-related projects. I deeply respect his knowledge of China, as he has worked in Beijing at the highest level for many years.