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GMF - Short And Sharp: Investing In Emerging Asia Amid Rising Global Tensions
SPDR S&P Emerging Asia Pacific
By Seema Shah, Chief Strategist, Principal Global Investors
With the United States and China locked in an increasingly heated rivalry, the European Union needs to choose a side.
Since China was accepted as a full member of the World Trade Organization ((WTO)) in 2001, its share of world GDP has jumped from 8% to 19%. Meanwhile, Europe's portion has fallen from 35% to 16%, and the United States declined from 20% to 15%. Today, given China's meteoric rise to global economic power, it's increasingly considered a strategic rival to the West.