In a stars webinar with Joerg WUTTKE, President of the European Union Chamber of Commerce in China, we explored what US-China decoupling means for the EU. As China stands for 30 percent of global GDP growth in the next ten years – the equivalent of the accumulated growth potential of all OECD countries – Joerg argued that any company would be insane to move out of China, unless there is a very good strategic or security reason. Despite all the talk of US-China decoupling, only 10 percent of American and European companies in China are actually considering to move out of China. Among many other issues, Joerg talked about promise fatigue, intellectual decoupling and why he remains optimistic about Hong Kong’s role as financial hub. What worries him most, however, is that what was unthinkable in the recent past is now the new normal in US-China relations. “All of a sudden we might find ourselves in a place where we can’t retract, when we realise how far we have gone and crossed red line after red line after red line… and then what?”
To watch the recording of the stars webinar, please click here.