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Anne Richards, CEO of the $610 billion money manager Fidelity
International, put her level of worry about a potential
decoupling of the two economies at 6 out of 10 when asked during
a panel discussion.
EY global chair and CEO Carmine Di Sibio put his own level of
concern at 9 out of 10.
China on Tuesday said it welcomes a forthcoming visit on Feb. 5
by U.S. Secretary of State Antony Blinken, at a time of
simmering differences on Taiwan, human rights, Russia's invasion
of Ukraine and economic issues.
This follows a November meeting between heads of state Joe Biden
and Xi Jinping during the G20 summit on the Indonesian island of
Bali, when the two leaders pledged more frequent communications.
Richards said she was concerned about the rhetoric on both
sides, but said it was important for officials to listen to what
was actually being said by their counterparts.
"The realisation that a complete decoupling would be
catastrophic for the global economy means that there is a
genuine desire on both the US and China side to find the areas
where co-operation can happen," Richards said.
EY's Di Sibio told the event U.S. administration officials were
"extremely aggressive" about the extent of business with China
particularly in technology, adding this was the case across much
of the West.
"We need investments from China, we need to invest in China...
But the politics are really in the way and I am worried that
they're not getting better," Di Sibio said.
"Both sides of the aisle have this as a major part of the
agenda... It's the one thing that they can agree on."
Lubna Olayan, boss of Saudi-based Olayan Financing Company, put
her own level of concern at 7 out of 10, while Mathias Miedreich,
CEO of Belgian materials firm Umicore, said his level of worry
was 3 out of 10.
(Reporting by Iain Withers and Lawrence White, editing by Sinead
Cruise)
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