China and the US: the ties that bind

China and the US: the ties that bind

American companies face more obstacles, but business continues — and at pace

Hello from Wellington. If it wasn’t for the coronavirus pandemic, perhaps the biggest running story of the past year would have been the great decoupling of the world’s two biggest economies, China and the US.

Much ink has been spilled elucidating this theme of a new cold war, but as we highlight in our main piece today the picture is nuanced, especially with the upheaval caused by Covid-19.

Our chart of the day looks at US LNG exports to Europe while the person in the news is Japanese prime minister Yoshihide Suga.

Has US-China decoupling been overstated?
For several years now our correspondents across Asia have been reporting on issues that point to a new, defining story of our time: US-China decoupling.