As the US-China trade war rumbles on casualties are beginning to pile up on either side. Huawei Technologies is reeling from a US blockade of component suppliers while China is probing US blue-chip FedEx for delivery failures.
For private equity funds, though, there's a potential opportunity to begin picking up assets on the cheap.
These funds have plenty of firepower for deals. At the end of June 2018, private capital ready for deployment surpassed $2 trillion, a record amount according to data providers Preqin, and about 18% of that sum, or $360 billion, has been set aside to buy companies in Asia.