PAG Co-Founder Sees Trade War Benefiting China in the Long Run

Rising protectionism globally and a deeper trade war with the US may give China the much-needed push to bolster domestic consumption, said Weijian Shan, who chairs one of Asia’s largest alternative asset managers.

An escalation of trade conflicts would spur China to reorient its economy “away from investments and exports in the direction of private consumption,” Shan said in an episode of the Asia Centric podcast with Bloomberg Intelligence.