For the past three years, the trade war between the U.S. and China has placed economic stress on the two economic powerhouse countries. However, the trade pact that the two countries reached in January 2020 seemed to alleviate some of that pressure and even hinted that economic and political tensions might be on a path toward mending.

Then entered the coronavirus.

The virus itself seemed to ignite old tensions and add to the global stress that only a pandemic can cause. As always, any tension between the countries can leave business operations with a level of vulnerability. Surprisingly, that is not the case when it comes to the effects that we’ve seen on our Chinese IPO businesses.