A Stock Trader’s Guide to Xi’s Europe Visit Amid Trade Tensions
- Sectors including electric vehicles are in China-EU crosshairs
- Potential worsening of trade ties may hurt Chinese stocks
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Chinese businesses from electric vehicles to infrastructure have much at stake from President Xi Jinping’s visit to Europe this week as trade tensions simmer.
The trip comes as the European Union joins the US to turn up its protectionist rhetoric and challenge China’s excess capacity, widening its probe into various industries. However, Europe faces a more complex battle as it also seeks to lure Chinese investment, with Hungary planning to sign agreements on expanding Xi’s Belt and Road Initiative in the country.