The ongoing U.S.-China trade war could be accelerating China's embrace of lucrative new markets, according to MSA Capital and Al Salam Bank.
"The chip industry here would have loved another five years to get its feet underneath it. Operating systems locally would have preferred more time for maturation," he continued during a panel hosted by CNBC's Geoff Cutmore entitled "Beyond One Belt, One Road."
Harburg highlighted particular opportunities in the e-commerce and banking sectors, within which many of the regions' markets have a penetration rate of less than 10%. Ben Harburg, Managing Partner of MSA Capital speaks with Rafik Nayed, Group Chief Executive Officer of Al Salam Bank Bahrain and Geoff Cutmore, anchor of CNBC on Day 3 of CNBC East Tech West at LN Garden Hotel Nansha Guangzhou on November 20, 2019 in Nansha, Guangzhou, China.
However, he noted that recent shifts in U.S. policy toward the Middle East have created a "vacuum" that has enabled China to curry favor in the region and demonstrate its business capabilities.than what we were used to in the West," he said.
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