and a former ch上海千花网品茶微信airman of Morgan Stanley Asia, warned that if the US and China, wh
ich have accounted for fully 44 percent of world GDP growth since 2008, opt for a superficial res
olution or fail to come to terms on their trade conflict, the global economy could well falter.
Bipartisan political support for China bashing in the savings-shor
t US threatens to turn a trade war into a protracted and destructive economic cold war, Roach said.
“Now, more than ever, a fragile world is in desperate need of political will and wisdom,” he said.
Xiong Aizong, assistant researcher at the Chinese Academy of Social Sciences’ Institute of World Economics and Pol
itics, agreed that multilateral mechanisms are the best solution to tackle global issues.