Xi’s Third Term Spells Trouble for Investors as U.S., China Part Ways

Strategists and money managers are bracing for bigger steps toward severing US-China ties in critical sectors as the two countries settle into a less harmonious relationship.

Chinese leader Xi Jinping cemented his power with a third term this weekend as the Chinese Communist Party elected top leadership positions. This will allow him to continue the ideological politics and more aggressive global stance he has pursued in his first two terms.

Although few strategists expect a complete disengagement because of the deep economic interdependence the two countries have built up over decades, some kind of disintegration — in areas such as advanced technology — seems inevitable.

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