Roughly 5% of China’s manufacturing output is sold to the United States, overwhelmingly in low-value-added industries such as consumer electronics assembled from imported components, toys, clothing, furniture, household appliances and so forth. […]
Exposure to the US is concentrated in smaller firms with negligible market capitalization. I continue to believe that the best trade in this environment is to buy Chinese stocks on dips.
Excerpt from US stocks are exposed to trade war, Chinese stocks aren’t
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