What do you think about the US-China trade war and how that will affect investments globally? Do you think that the US is still a good market to enter?

It has been about two years since China and the United States became embattled in a trade dispute which has since expanded over a range of areas including technology and finance. While higher tariffs have already led some companies serving the US market away from China, we believe that a broad shift out of the country is unlikely due to factors such as its high labor productivity, favorable infrastructure and sophisticated supply chains particularly in the case of high-tech products and services, China’s huge market size, rapid development and leading technological advancement and innovation offer many companies unparalleled advantages. We believe this tug of war will continue as China’s growth continues, but in this scenario we do find opportunities to invest in both Chinese and the US market will prevail.