Asia Is Key to Easing Sino-U.S. Tensions, Says Asia Society Co-Chair

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“Who thinks it’s a good idea that the two most powerful countries in the world I just described should spend most of their time fighting with each other?” Asia Society Co-Chair John Thorton says Monday at Caixin's Asia New Vision Forum in Singapore. Photo: Caixin

As more of the world’s wealth becomes concentrated in the U.S. and China, the two largest economies need to stop fighting and start rebuilding their relationship, and Asia could play a key role, said Asia Society Co-Chair John Thornton at the first Asia New Vision Forum in Singapore.

In 2050, the U.S. and China are expected to account for as much as 60% of the world’s GDP, up from a combined 42% today, Thornton told the audience at the Caixin-hosted event on Monday.