Lenovo chief says US and China need each other, globalisation won’t reverse course
Yang Yuanqing, the chairman and chief executive of Lenovo, said China needs technology products from the US, while the US needs the mainland market and its manufacturing resources
The head of Lenovo Group said that despite trade tensions between the US and China, the world’s two biggest economies need each other as globalisation pushes forward.
“No country can develop just relying on themselves,” said Lenovo chairman and chief executive Yang Yuanqing in an interview in Hong Kong on Thursday. “China needs technology products from the US, while US companies need many things from China, not the least of which are the domestic market and manufacturing.”
“That’s the globalisation trend, and it will not reverse course,” Yang said.
His comments followed recent talks between senior officials from Beijing and Washington that have helped eased frictions between the two sides and averted a trade war for now.
It also reflected how Lenovo, the world’s second-largest personal computer supplier, has conducted itself as a global enterprise, with operations in more than 160 countries, since it acquired the PC business of IBM in 2005. Lenovo has dual headquarters in Beijing and Raleigh, capital of the state of North Carolina in the US.
