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Sitting down with me in Budapest, Erno Peto, president of Hungarian-Chinese Chamber of Economy, argues that “decoupling/de-risking from China” is a more political than economic reaction in this complex and hectic world. He stresses the irreversible nature of globalization and the necessity for finding new avenues of cooperation with China. #FirstVoice #ChinaEurope2024 | Wang Guan - public page
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FacebookWang Guan - public page
Trade. The primary indicator that reflects if China and the United States get along. Although the notions of "decoupling" and "de-risking" are embraced by some American politicians, they wouldn’t want to touch upon real trade numbers. The fact is, even under the impact of the pandemic, China-U.S. goods trade has been resilient, reaching a record high of $690 billion in 2022. Moreover, trade volume from 2013 to 2022 has remained amazingly steady. On the other hand, the U.S.-initiated trade war an
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