Impact of the Trump Administration on the Economies of the Greater China Region
The new economic policies initiated by the 45th US president Donald Trump, and their impact on the economies of the “the Greater China Region” (Hong Kong, Taiwan and Mainland China) are examined in this chapter. The impact is assessed at both the stock exchange and other non-financial markets levels. For the stock markets, the chosen research period runs from January 2014 to June 2017, and the Economic Policy Uncertainty Index in the United States is used as a proxy to measure political uncertainty in the main world economy. The results show that the stock markets in the “Greater China Region” did not react to the uncertainty generated by the US election in November 2016, but an examination of the move towards assertive trade US protectionist policies suggest a more detrimental impact on the GCR.
KeywordsGreater China Region Protectionism US administration Stock markets Economic policy uncertainty
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