Kissinger ‘Fairly Optimistic’ China, U.S. Can Avoid Catastrophe
(Bloomberg) -- Henry Kissinger, the 95-year-old foreign policy guru to world leaders, said he was “fairly optimistic” the U.S. and China could avoid a wider conflict that would devastate the current world order.
Speaking at Bloomberg's New Economy Forum in Singapore on Tuesday, Kissinger said that U.S. and Chinese trade negotiators should avoid getting bogged down in details and first explain to each other what objectives they are seeking to achieve, and what concessions they can and cannot make.
“If the world order becomes defined by continuous conflict between the U.S. and China, sooner or later it risks getting out of control,” said Kissinger, who brokered the U.S. rapprochement with China as former president Richard Nixon's secretary of state more than four decades ago and has advised U.S. presidents ever since.
“Some disagreements are inevitable but the objective needs to be that both countries recognize that a fundamental conflict between them will destroy hope for the world order,” he said. “I think that that objective can be achieved and I am in fact fairly optimistic that it will be achieved.”
Americans need to learn that not every crisis is caused by ill will, while China must evolve beyond the model of being the leading great power of Asia, Kissinger said.
“The world would be in terrible shape” if the U.S. and China allowed commercial issues to evolve into strategic conflict, he said, adding: “I think we have high incentives to avoid catastrophe.”
The New Economy Forum is being organized by Bloomberg Media Group, a division of Bloomberg LP, the parent company of Bloomberg News.
To contact the reporter on this story: David Tweed in Hong Kong at dtweed@bloomberg.net
To contact the editors responsible for this story: Daniel Ten Kate at dtenkate@bloomberg.net, Karen Leigh
©2018 Bloomberg L.P.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
-
'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.
-
Indians Stay With Family, Not In Hotels | The Reason Why
India still lacks enough clean, reliable and affordable hotels for budget-conscious travellers.