West Wants to See China ‘Contained,’ Says HSBC Chief Executive
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The trade spat between the U.S. and China is a symptom of a “broader desire to see China contained,” according to the boss of HSBC Holdings Plc.
Describing the ongoing skirmishes as “the dominant economic theme,” Chief Executive Officer John Flint said the relationship between the world’s two biggest economies is forging a new geopolitical front. Asia accounted for just under half of HSBC’s net revenues last year, but 91% of operating income.