StanChart CEO confident China-U.S. trade dispute can be settled

Reuters

Published Oct 08, 2019 10:18AM ET

StanChart CEO confident China-U.S. trade dispute can be settled

LONDON (Reuters) - Standard Chartered (L:STAN) chief executive said on Tuesday that the trade dispute between the United States and China could be settled and that it was in nobody's interest for the deadlock to continue for a long time.

Bill Winters said there were concerns about the unreliability of supply chains as a result of the conflict between the two countries.

"There are winners and losers from that – Chinese companies themselves are relocating parts of their supply chains from China to other parts of Asia – Taiwan has been a beneficiary, Vietnam has been a beneficiary," he said at a Bloomberg conference in London.