Much attention has been given in recent weeks to rising geopolitical tensions, particularly between the US and China . But these tensions are not new. They have been simmering at least since President Trump suggested he would implement significant tariffs on China during the 2016 election campaign. For most of that period there has likely been an element of investors, particularly in China, seeking to move money out of the country. This is likely to continue for as long as the US and China remain at loggerheads .