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Chinese Reforms and American Populism
The Emerging View
30 November 2016
How will the relationship between the US and China evolve during Donald Trump’s time in office? The details are impossible to predict, but we expect two dominant themes to emerge in the course of the next four years. First, we expect China to increase its geopolitical influence significantly as America shrinks from the international stage. Secondly, the RMB will continue its pre-ordained path towards global reserve currency supremacy – to eventually replace the Dollar. These developments are the natural consequences of continued emphasis on reforms and greater openness in China and the descent into populism and protectionism in the US.