From Covid to trade wars, China has been the centre of global events in recent years, but has also been one of the best performing stock markets in 2020. Whether this can continue in 2021 is hard to predict, but we look at the key themes for next year and beyond.
Trump, Trade and Covid
A new incumbent in the White House from January next year may not be enough to bring an end to the trade war, but a President Joe Biden could bring a different approach to US-China relations. Daniel Grana, portfolio manager at Janus Henderson, says investors should expect to see “fewer fireworks” between the two nations than in the Trump era, but that negotiations will take a lot longer as Biden works seeks to build a global consensus on trade.
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