Mercedes CEO Deems Cutting Economic Ties With China “Unthinkable”
Mercedes-Benz CEO Ola Kaellenius believes cutting economic ties with China is “unthinkable” due to the interdependence of the global economy. The luxury carmaker’s dependency on the Chinese market, the world’s largest, has made decoupling from China unrealistic and puts the majority of Germany’s industry at risk. Recently, National Security Advisor Jake Sullivan revealed the plan of the US to “de-risk and diversify” its existing links with China. This echoed the same sentiments aired by European Commission President Ursula von der Leyen in a policy speech last March before she flew to China. These statements left a wary note from businesses who are ever reliant on the giant Asian nation in… Continue Reading »