Jan 07, 4:30 AM EST Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury Business By Pronita Naidu 01/07/19 AT 4:00 AM The business and political relationship between the U.S. and China will dramatically change going forward and cross border mergers and acquisitions will become increasingly difficult, Phil Zhu, PhD and professor of international financial management at the University of San Diego School of Business told International Business Times.Zhu expects the U.S. and China to reach a temporary deal in the short term. “China needs a trade deal as it is currently under the economic slowdown pressure. China may compromise in the short run to reach a trade agreement with the U.S.,” he said.Delegates from the U.S. and China are set to hold face-to-face negotiations over a two-day meeting, starting Monday, aimed at easing trade tensions between the two countries.However, Zhu said “without a political change, it is hard to imagine that the two countries will reach a higher level of collaboration given disagreement in political fundamentals.”Citing recent comments that Chinese President Xi Jinping made on the 40th anniversary of the country’s reforms, Zhu said there were “ideological and political divergence between the two countries.”He said the trade war has caused uncertainty in companies’… Read full this story
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