Latest news with #US-centered
India Gazette
02-06-2025
- Business
- India Gazette
India and China are promising alternatives for investment, says Mirae Asset VC
ANI 02 Jun 2025, 12:10 GMT+10 New Delhi [India], June 2 (ANI): India and China emerge as promising alternatives for investments, said Mirae Asset Securities Vice Chairman Heo Sun-ho while speaking at a global asset allocation forum in Seoul on Thursday, reports Korea Herald. With the return of US President Donald Trump to the Oval Office, crack seems to emerge 'in the US-centered investment landscape'. Speaking at the summit hosted by Mirae Asset, Heo-Sin-ho said the over-dependence on the US as its primary growth engine needs to be re-examined. 'The recent depreciation of the US dollar reflects weakening global confidence, spurred by growing nationalism and ballooning fiscal deficits,' Heo said, urging investors to pivot from a US-centric strategy and realign their portfolios with the shifting global innovation vice chairman mentioned that India is emerging as a vast consumer market, driven by robust digital infrastructure and a rapidly expanding to Heo Sun-ho, 'Innovative technology that once fuelled US growth is no longer its exclusive domain.'He also cited how Chinese AI Startup, DeepSeek positioning itself as a challenger to OpenAI, alongside Chinese automobile company BYD which in April overtook Tesla in the European electric vehicle market for the first to the director and head of Asia Pacific Research at Mirae Asset Hong Kong, policy shifts in China are also creating a more favourable environment for foreign investors. He also echoed the call for a diversified investment South Korean exports to US were down 8.1 per cent for the month of May, as compared to same month last year, weighed down by the US President Donald Trump's tariff, as it took a toll on automobile supplier Foxconn is set to invest USD 1.5 billion in its India unit, Reuters reported, citing a company filing. (ANI)
Economic Times
02-06-2025
- Business
- Economic Times
India and China are promising alternatives for investment, says Mirae Asset VC
Mirae Asset suggests India and China as promising investment alternatives amid concerns over US economic dominance and policy shifts. Mirae Asset suggests India and China as investment alternatives. This comes amid concerns about over-reliance on the US economy. Weakening global confidence and rising nationalism are factors. India's digital infrastructure and population growth are attractive. China's policy shifts are also creating opportunities. Foxconn plans a significant investment in its India unit. South Korean exports to the US have declined recently. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads India and China emerge as promising alternatives for investments, said Mirae Asset Securities Vice Chairman Heo Sun-ho while speaking at a global asset allocation forum in Seoul on Thursday, reports Korea the return of US President Donald Trump to the Oval Office, crack seems to emerge 'in the US-centered investment landscape'. Speaking at the summit hosted by Mirae Asset, Heo-Sin-ho said the over-dependence on the US as its primary growth engine needs to be re-examined."The recent depreciation of the US dollar reflects weakening global confidence, spurred by growing nationalism and ballooning fiscal deficits," Heo said, urging investors to pivot from a US-centric strategy and realign their portfolios with the shifting global innovation vice chairman mentioned that India is emerging as a vast consumer market, driven by robust digital infrastructure and a rapidly expanding to Heo Sun-ho, "Innovative technology that once fuelled US growth is no longer its exclusive domain."He also cited how Chinese AI Startup, DeepSeek positioning itself as a challenger to OpenAI, alongside Chinese automobile company BYD which in April overtook Tesla in the European electric vehicle market for the first to the director and head of Asia Pacific Research at Mirae Asset Hong Kong, policy shifts in China are also creating a more favourable environment for foreign investors. He also echoed the call for a diversified investment South Korean exports to US were down 8.1 per cent for the month of May, as compared to same month last year, weighed down by the US President Donald Trump's tariff, as it took a toll on automobile supplier Foxconn is set to invest USD 1.5 billion in its India unit, Reuters reported, citing a company filing. (ANI)
Time of India
02-06-2025
- Business
- Time of India
India and China are promising alternatives for investment, says Mirae Asset VC
Mirae Asset suggests India and China as promising investment alternatives amid concerns over US economic dominance and policy shifts. Mirae Asset suggests India and China as investment alternatives. This comes amid concerns about over-reliance on the US economy. Weakening global confidence and rising nationalism are factors. India's digital infrastructure and population growth are attractive. China's policy shifts are also creating opportunities. Foxconn plans a significant investment in its India unit. South Korean exports to the US have declined recently. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads India and China emerge as promising alternatives for investments, said Mirae Asset Securities Vice Chairman Heo Sun-ho while speaking at a global asset allocation forum in Seoul on Thursday, reports Korea the return of US President Donald Trump to the Oval Office, crack seems to emerge 'in the US-centered investment landscape'. Speaking at the summit hosted by Mirae Asset, Heo-Sin-ho said the over-dependence on the US as its primary growth engine needs to be re-examined."The recent depreciation of the US dollar reflects weakening global confidence, spurred by growing nationalism and ballooning fiscal deficits," Heo said, urging investors to pivot from a US-centric strategy and realign their portfolios with the shifting global innovation vice chairman mentioned that India is emerging as a vast consumer market, driven by robust digital infrastructure and a rapidly expanding to Heo Sun-ho, "Innovative technology that once fuelled US growth is no longer its exclusive domain."He also cited how Chinese AI Startup, DeepSeek positioning itself as a challenger to OpenAI, alongside Chinese automobile company BYD which in April overtook Tesla in the European electric vehicle market for the first to the director and head of Asia Pacific Research at Mirae Asset Hong Kong, policy shifts in China are also creating a more favourable environment for foreign investors. He also echoed the call for a diversified investment South Korean exports to US were down 8.1 per cent for the month of May, as compared to same month last year, weighed down by the US President Donald Trump's tariff, as it took a toll on automobile supplier Foxconn is set to invest USD 1.5 billion in its India unit, Reuters reported, citing a company filing. (ANI)
Korea Herald
30-05-2025
- Business
- Korea Herald
Time to pivot to China, India and move beyond US: Mirae Asset vice chairman
As cracks emerge in the US-centered investment landscape -- driven by geopolitical uncertainty and waning global confidence -- Mirae Asset Securities Vice Chairman Heo Sun-ho called for a strategic rebalancing toward China and India. Speaking at a global asset allocation forum hosted by Mirae Asset in Seoul on Thursday, Heo said the global financial market has relied heavily on the US as its primary growth engine over the past three years. However, with the return of President Donald Trump and the onset of a high-tariff era, he warned that the global trade order is being reshaped. 'The recent depreciation of the US dollar reflects weakening global confidence, spurred by growing nationalism and ballooning fiscal deficits,' Heo said, urging investors to pivot from a US-centric strategy and realign their portfolios with the shifting global innovation landscape. China and India, he said, represent promising alternatives. 'Innovative technology that once fueled US growth is no longer its exclusive domain,' he added, pointing to China's accelerating technological self-reliance, supported by pro-market policy shifts. He cited examples such as Chinese AI startup DeepSeek positioning itself as a challenger to OpenAI, and BYD, which in April overtook Tesla in the European electric vehicle market for the first time. Meanwhile, India is emerging as a vast consumer market, Heo said, powered by robust digital infrastructure and a rapidly expanding population. His remarks come amid a noticeable cooling of Korean retail interest in US equities following a period of record buying. As of May 26, Korean individual investors had sold a net $1.065 billion (1.46 trillion won) in US stocks -- their first net sell-off in seven months. Even longtime favorites like Tesla and Nvidia saw combined net sales of about $306 million during the week of May 19-23. Echoing the call for a diversified investment strategy, Lee Phil-sang, director and head of Asia Pacific Research at Mirae Asset Hong Kong, highlighted China's healthcare tech sector as a compelling opportunity. He cited the country's deep talent pool as a key factor driving its progress toward catching up with the more established US biopharmaceutical industry. 'China has made significant strides in new drug development over the past four years. In 2010, its output in this field was minimal, but it now ranks second globally,' Lee said. Chinese biotech firms such as Beigene, Akeso, Hansoh, and Eccogene have been expanding globally through out-licensing deals and international clinical trials. Lee said that China is also taking the lead in advanced drug modalities, including antibody-drug conjugates, targeted cancer therapies linking antibodies to toxic agents, and bispecific antibodies, designed to bind two different antigens for enhanced efficacy. Policy shifts in China are also creating a more favorable environment for foreign investors, Lee said. Whereas past periods of double-digit economic growth often led to excessive government investment and harmful oversupply, a slowing Chinese economy is now helping to differentiate true market leaders. 'China's slow growth isn't necessarily negative,' Lee said. 'It's in low-growth conditions that world-class enterprises emerge. When a leading company dominates the domestic market and expands overseas, it sets the stage for the rise of truly global champions.'
Asia Times
13-05-2025
- Business
- Asia Times
China paves path for South America's break from US
South America's largest trading bloc, Mercosur (Brazil, Argentina, Uruguay, Paraguay), recently inked a comprehensive free trade deal with the European Union after more than 20 years of negotiations. The deal now awaits ratification and implementation. On the other side of the Andes, Chile is negotiating a comprehensive economic partnership with India, the world's fourth-largest economy. Meanwhile, American trade policy is undergoing major shifts characterized by less free trade and more protectionism. But what's striking is South America's unchanged advance towards multi-alignment and away from a US-centered hemisphere. When I visited Santiago in 2018, I noticed something I hadn't seen before – Chinese cars. Brands I hadn't heard of, such as Changan, Maxus, Great Wall, and Haval. Today, Chinese cars account for 40% of automotive sales in Chile. What was once a budding trend is now an avalanche. Who could have imagined such a rapid reversal of the United States' position in the region 20 years ago? The US was simply too close, too big a market, and too powerful. It remained, in the words of more than one Latin American writer, 'The Colossus of the North.' Then came China's meteoric industrialization of the early 21st century and its voracious appetite for copper, tin, oil, iron ore, timber and soybeans. Strong Chinese demand raised prices for South America's commodities and that boom helped pull millions out of poverty. Between 2000 and 2014, Latin America's poverty rate decreased from 27% to 12%, according to the International Monetary Fund, an extraordinary achievement and one tied to China's rising fortunes. During the same 2000 to 2014 period, the American political system became significantly more dysfunctional and polarized amid two wars in Iraq and Afghanistan and an opioid epidemic that claimed 500,000 American lives. Of course, the American market remains massive and indispensable for countries in the Caribbean Basin, but the United States isn't the giant that it once was. And China is the principal reason why. In 2013, Chinese leader Xi Jinping announced the Belt and Road Initiative, a massive campaign to build infrastructure worldwide, from bridges and power plants to stadiums and port facilities. Today, Peru's Chinese-funded Port of Chancay is poised to become the largest deepwater port on the Pacific side of South America, while Bolivia's El Mutún Steel Plant is just the latest geopolitically significant China-funded megaproject in the region. When China replaced the United States as South America's largest trading partner in 2020, that tectonic shift received scant US media attention. Instead, immigration and drug cartels or flamboyant leaders like Jair Bolsonaro and Nayib Bukele dominated headlines. But sometimes impersonal, transformative processes are the real story. China developed its position of strength over two decades and the rise of China has been broadly good for the region. What was once a rising trade in commodities between China and Latin America turned into a very different kind of relationship in which China builds hydroelectric dams and installs 5G internet. Although a shadow of China's presence, India aims to deepen economic ties with South America in pursuit of 'strategic autonomy' or avoiding overreliance on any single global power. And South America welcomes India's push for diverse trading partnerships, as it wants the same thing. During the 20th century, Latin American governments often viewed European or American capital with suspicion. There were ideological reasons for that position, but it also had to do with the lack of options. In a multipolar world, trade and capital investments are no longer essentially Western, which makes for a far more balanced economic outlook. To be sure, some things haven't changed. South America is still reliant on commodity exports and foreign capital continues to raise issues related to national sovereignty (as they do anywhere else). But it's an era that looks remarkably different from the late 19th century when British capital prevailed or the mid-20th century when American capital predominated. As the US-China trade war unfolds, South America's economies seem destined to emerge more diversified and balanced. US tariffs have increased the impetus for EU countries to ratify their deal with Mercosur. Brazil's exports of meat and grain to China have already surged in the wake of the new US tariffs. Amid the current unpredictability of US trade policy, one thing seems clear: South America will continue to diversify its trade relationships and there are many new options for navigating the future. Dr John R Bawden teaches Latin American history at Oregon State University. He is the author of ' The Pinochet Generation: The Chilean Military during the Twentieth Century .'
