Sumary of Decoupling is the last thing on business leaders’ minds:
- Designed to be more useful than Davos, less Utopian than COP26 and less wooden than China’s Boao forum, the summit convenes some of the figures who built Sino-American links over the past decades, and bosses and investors responsible for over $20trn of market value.
- Amid hygienically controlled flesh-pressing, and relentless nasal swabbing, you could get a sense of the tensions between the world’s two biggest economies.
- Gina Raimondo, the commerce secretary, said America would launch a new Asian economic “framework” in 2022 (it has not joined CPTPP, a regional free-trade deal).
- The impossibility of Asia decoupling from China is brought home by a tech boss who reckons 80% of goods sold on South-East Asia’s booming e-commerce platforms are from the Middle Kingdom.