President Donald Trump, right, and Xi Jinping, China's president, greet attendees waving American and Chinese national flags during a welcome ceremony outside the Great Hall of the People in Beijing, China, on Thursday, Nov. 9, 2017.

Qilai Shen | Bloomberg | Getty Images

President Donald Trump, right, and Xi Jinping, China’s president, greet attendees waving American and Chinese national flags during a welcome ceremony outside the Great Hall of the People in Beijing, China, on Thursday, Nov. 9, 2017.

The battle between China and the United States to be the world’s most powerful nation could be the century’s defining moment for financial markets, according to one strategist.

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