Beijing-based VC firm says it’s adjusting strategy amid trade friction
Among its investments in the last few months are chips, robotics and machines, Harburg said.
“Regardless of what happens in Argentina, the expectation is there’s a hard reset going on in relations between China and the United States, so I don’t think that will necessarily change [even] if we are able to assuage some of the issues around trade deficits or the issues around technology transfer, IP theft,” he said of the upcoming meeting between President Donald Trump and his Chinese counterpart Xi Jinping at the G20 summit.
In the long run, the trade dispute between the two economic giants will spur the development of China’s supply chain and improve Chinese businesses’ targeting of markets beyond the U.S., Harburg said.
That comes as Chinese entrepreneurs also are increasingly thinking about globalization from the get-go as they seek diversification from the highly competitive domestic market, Harburg said.