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Saturday, June 12, 2021

DECOUPLING IS FAILING

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Graham Perry
Experienced Arbitration Lawyer | China & Chinese Business Affairs | Public Speaker/Lecturer.

James Kynge is the FT’s Global China Editor.
Today he concludes “The capitalist imperative to chase returns is at odds with growing wariness between the superpowers”.

Kynge quotes Seafarer Capital Partners “Instead of decoupling financially, the US and China now have one of the largest and fastest-growing bilateral investment relationships in the world…despite a concerted effort by Trump to reduce investment in China, holdings of Chinese securities have skyrocketed over the past several years”

American investors held $1.1tn in equity issued by Chinese companies at end of June 2020. “Trump has not curbed market appetite for greater financial integration,” says Rhodium Group.

China’s recent signing of the Comprehensive Agreement on Investment with the EU AND the Regional Comprehensive Economic Partnership trade deal with mainly Asian countries shows that the world wants to do more, not less, with China.

In 2020 the US attracted $134bn inflows and China attracted $163bn.

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