US risks a ‘Forever’ trade war with China, says Economist Stephen Roach - ET EnergyWorld
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Economist Stephen Roach warns that the US risks a 'Forever' trade war with China. Roach criticizes the US' protectionist stand against China's manufacturing capacity of new energy products, stating that it is a blunder of historic proportions. He expresses concern that President Biden is getting deeper into a new 'forever war' against China. Roach's comments align with Beijing's view that the US' measures over Chinese manufacturing capacity are protectionist. Roach's previous gloomy outlook on China and Hong Kong caused a heated debate and led to a gag order at a major economic conference. He is skeptical of China's ability to boost productivity and believes that much of China's economic activity is coming from low productivity state-owned firms rather than the private sector.
#UschinaTradeWar #StephenRoach #Protectionism #China'sManufacturingCapacity #PresidentBiden #HongKong #China'sEconomy #Productivity
