Former US Treasury Secretary Janet Yellen warned that the decoupling of the US and China is undesirable. She spoke at the HSBC Global Investment Summit in Hong Kong, emphasizing the need to preserve deep trade relationships between the two nations.

A decoupling between China and the United States is something “that you don’t want to see”, says former US Treasury secretary Janet Yellen, adding that both countries have developed deep trade and investment relationships that should be preserved and encouraged to thrive. Speaking in Hong Kong at the HSBC Global Investment Summit on Wednesday, Yellen also argued that China’s reliance on exports for growth – resulting in a trade surplus with the rest of the world – has created “serious conflicts”...