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What Will Happen To China Stocks In The Event Of A Trump Win And A Harris Win In Next Week's Election
Benzinga
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1 year ago
Michele 'Mish' Schneider, Chief Strategist at MarketGauge joined Benzinga's Premarket Prep to give her take on what she thinks will happen to China stocks in the event of a Trump win and a Harris win in next week's election.
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00:00
What are your thoughts here on the China trade going into the election?
00:03
Well, first of all, I think, and I've read some stories that the percentage of the GDP for China
00:10
based on exports to the United States is not as large as one would think. And yes, there's a lot
00:17
of tariff talk, but you have to realize that China knows about this and has been preparing
00:24
for this through a couple of ways. One, obviously, is through the tremendous amount of stimulus
00:29
that they started out doing, they've pulled back. And I've heard, again, in Singapore,
00:34
from some people that they've pulled back because they're waiting for after the election
00:38
to bring out the big guns of stimulus. So China has and can afford to add a lot of liquidity
00:45
to their system, number one. Number two is they're already in alliance with Russia
00:51
and a few other countries through the BRICS. And I know they have to be thinking to themselves,
00:56
well, gee, if we're going to be excluded from working with the United States,
01:02
then what are we going to do to either A, make ourselves get back to at least closer to a 5%
01:10
of the global GDP, which is what China used to be centuries ago. Now it's down in the low fours
01:16
without the United States. So what does that mean? Sell dollars, sell treasuries,
01:21
that's that whole BRICS thing that's going on. I'm not too worried about China. In fact,
01:27
I would be more worried about emerging markets as an investment, if there's a Trump win,
01:33
that I would about China. And I actually think that China might be a really good investment,
01:37
regardless of who wins.
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