Attempt to isolate China from world trade system ‘will not work’, says IMF’s top Asia official | WHAT REALLY HAPPENED

Attempt to isolate China from world trade system ‘will not work’, says IMF’s top Asia official

Changyong Rhee identifies three risks to region’s growth pace: continued escalation of trade tensions, an acceleration of monetary tightening by the US Federal Reserve, and a stronger-than-expected rise in oil prices

Attempts by the US to isolate China from much of the international trading system by concluding restrictive trade deals with its major trading partners would harm the global economy, the IMF’s top official in Asia has warned.

Changyong Rhee, head of its Asia and Pacific department, said on Friday that China is already integrated into the world economy, “and is basically too big,” for any such a plan to work.

“The US and China have to talk” to resolve their disagreements, he stressed in an exclusive interview with South China Morning Post during the IMF’s annual meetings in Bali, Indonesia, adding the current trade dispute could last “for a while”.

The administration of US President Donald Trump recently completed a new trade agreement with Canada and Mexico>>>

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