Caixin
Jan 17, 2019 09:21 PM
ECONOMY

JPMorgan Sees U.S.-China Tensions Escalating in 2019

The headquarters of JPMorgan Chase & Co. is seen in New York City. Photo: VCG
The headquarters of JPMorgan Chase & Co. is seen in New York City. Photo: VCG

Tensions between China and the U.S. are expected to escalate in the second half of the year, broadening beyond tariffs to geopolitical confrontation, with increasing competition likely to define the relationship, American investment bank JPMorgan Chase & Co. has warned.

“In the long run, the US-China relationship is unlikely to go back to the old days,” the bank’s economists, led by Zhu Haibin, said in a report published this week.

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