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The Guardian - UK
The Guardian - UK
Business
Kalyeena Makortoff Banking correspondent

Standard Chartered plays down fears of US-China trade war under Trump

Donald Trump looks at China's president, Xi Jinping, with flags of US and China behind
Donald Trump with China's president, Xi Jinping, in Osaka, Japan in 2019. Photograph: Kevin Lamarque/Reuters

Fears of a China trade war erupting under a second Trump presidential term are overblown, according to bosses at Standard Chartered bank, as they suggested that the country’s real estate woes were “largely in the rearview mirror”.

While the London-headquartered bank makes most of its money in Asia, particularly in Hong Kong and Singapore, its chief executive, Bill Winters, played down the impact that increasingly strained relations between Washington and Beijing might have on the business.

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