Davos speakers fear possibility of a China-US economic decoupling

Davos speakers fear possibility of a China-US economic decoupling

The Express Tribune: Singapore Prime Minister Lee Hsien Loong warned on Wednesday that a possible decoupling of the Chinese and United States economies could have severe consequences.

In a speech at the 50th World Economic Forum in the ski town of Davos, Switzerland, Lee said that the US, China and globalisation are three major external factors that have driven the economic prosperity of Singapore, but they are all changing now.

“So we would like to continue to work with America, we would like to continue to work with China,” he said, adding that from time to time, Singapore will find itself being pressed to choose sides.

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