The United States needs to determine how to accommodate China as a rising power in the Asia-Pacific region, even if a declining U.S. presence there reduces stability, according to an expert. » Read More
By: Eustance Huang
Allianz CEO Oliver Bäte reflects on the problems that Europe faces today and discusses whether it's a result of the 2008 global financial crisis. » Read More |
Michael Froman, now Mastercard's vice chairman and president for strategic growth, discussed the current state of global trade with CNBC on Saturday at the annual Singapore Summit. » Read More |
By: Weizhen Tan
While the U.S. president's "crazy" ways have worsened trade tensions, he's only a symptom of world developments that have hastened the tensions, pointed out Dani Rodrik, a professor at Harvard University. » Read More |
The U.S. president is used to compromising in deal-making but it remains to be seen whether China can do the same, according to Martin Gilbert, co-chief executive of Standard Life Aberdeen.
Washington and Beijing are not likely to undo a lot of the positive benefits that each country experienced due to globalization, Axel Weber, chairman of UBS, told CNBC at the annual Singapore Summit.
The trade war between the U.S. and China isn't easily resolved, according to Heenam Choi, CEO of the Korea Investment Corporation.
Tony James, executive vice chairman at the Blackstone Group, said he does not see the same "kind of excess and lack of risk systems, and the interconnectedness" that characterized the global financial crisis a decade ago.
"I'd say there's a little bit of fear, or lack of confidence, that's causing people to hold back on investments — in particular, investments that would further complicate global supply chains," said Bill Winters, group CEO at Standard Chartered Bank.
Serving China as it becomes deeper integrated into the global economy is important, according to Oliver Bäte, chairman and CEO of Allianz.
Oliver Bäte of Allianz says local joint venture partners can help foreign businesses better understand the Chinese consumer.
It will be in Europe's interest to negotiate a deal given its robust trade links with the U.K., explains Martin Gilbert, CEO at Standard Life Aberdeen.
The epicenter of the trade dispute is about global growth over the next decade, says Choi Heenam, chairman and CEO of Korea Investment Corporation.
Bill Winters, group CEO at Standard Chartered Bank, says both capital and liquidity have become "fragmented" since the global financial crisis of 2008.
Countries that have strong fundamentals such as Singapore will be able to withstand current pressures, says Bill Winters, group CEO at Standard Chartered Bank.
Currency, not trade, is the top challenge to doing business in the world's second largest economy, according to Tony James, executive vice chairman at Blackstone Group.
The administration may have a different approach to handling the matter but it is justified on certain areas, says Michael Froman of Mastercard.
Beijing is making progress on its commitment to engage further with the international community, notes UBS Chairman Axel Weber.
Jim Hagemann Snabe told CNBC that escalating trade tensions between China and the United States will have a ripple effect on the global economy.
When it comes to the oversight of cryptocurrencies, regulators need to avoid inhibiting innovation, yet be vigilant against manipulation, said U.S. Commodity Futures Trading Commission Chairman J. Christopher Giancarlo.
Other observers have dismissed the suggestion that China would sell U.S. Treasurys to gain an upper hand in the trade war.
The way China responds to the situation in Hong Kong will be crucial in determining how markets and U.S.-China trade talks will be affected, said David Roche, a strategist at London-based research firm Independent Strategy.
Governments need to do more to invest in clean water, urged the chief executive of non-profit organization charity: water.
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