• On top of tumbling stocks, an embattled property market and a struggling economy, there’s at least one more thing keeping domestic Chinese investors up at night: a potential win by former US president Donald Trump in the November general election.
• That’s one of the findings by Goldman Sachs Group Inc. after talking with its onshore clients — which include mutual funds, private equity funds and asset managers at insurance firms — in Beijing and Shanghai over the past week.
• Their concerns didn’t come out of nowhere. Trump is weighing options for a major new economic attack on China if reelected, the Washington Post reported on Jan. 27. The Republican frontrunner has endorsed revoking China’s “most favored nation” status for US trade, a move that could lead to federal tariffs on Chinese imports of more than 40%, according to the Post.