FRANKFURT : The CEO of German technology group Merck KGaA said that unravelling trade ties with China would come at great economic costs and that she was banking on dialogue to ease tensions between Beijing and Western powers. Belen Garijo, the Spanish CEO of the German maker of drugs, lab equipment and s
FRANKFURT : The CEO of German technology group Merck KGaA said that unravelling trade ties with China would come at great economic costs and that she was banking on dialogue to ease tensions between Beijing and Western powers.
Over the weekend, a Chinese warship crossed in front of a U.S. destroyer in the sensitive Taiwan Strait, raising the prospect of future face-offs. But the two sides on Tuesday described meetings after the incident between senior U.S. and Chinese officials as constructive. "When I hear politicians say we have to decouple, I don't think this is feasible ... it will take 20 years to decouple, and for what?" said Garijo.
The company's CFO said last month that Merck would further invest in China and would build domestic supply chains there to curb imports of key raw materials that could be disrupted in any trade row.
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