WORLDVIEW: Big decisions for SA as major US/China confrontation looms

By Alec Hogg

I was among 400 financial market insiders yesterday at RMB's annual Global Markets investment conference in Cape Town. The bank delivered a world class lineup, highlighted by an hour’s video link with former US Fed chairman Ben Bernanke.

Xi Jinping, China's president, speaks during the opening plenary session of the World Economic Forum (WEF) annual meeting in Davos, Switzerland. Photographer: Jason Alden/Bloomberg

My major takeaway confirmed what we witnessed in Davos where Chinese President Xi effectively assumed leadership of those promoting international collaboration and free trade. The new US Administration had a single representative at the WEF meeting. And his major contribution was to tell us that Trump Towers believes it can win a trade war against China.

Yesterday’s flown-in experts (and Bernanke) shared that a major confrontation between the US and China tops the global economic agenda right now. Most forthright of them was Ian Bremmer, CEO of globa...

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