CNBC: The firm lowered its rating for Chinese equities to neutral from overweight, predicting the escalating trade war between the countries will affect China's economy next year.
"A full-blown trade war becomes our new base case scenario for 2019," emerging market strategist Pedro Martins Junior said in a note to clients Wednesday. "There is no clear sign of mitigating confrontation between China and the US in the near term."
https://www.cnbc.com/2018/10/04/jp-morgan-downgrades-china-stocks-predicts-full-blown-trade-war-with-us.html
