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Trade war could trigger ‘global financial crisis,’ says ex-China central bank chief

Trade war could trigger ‘global financial crisis,’ says ex-China central bank chief

OPINION (RT) – Further escalation of the trade dispute between the world’s two largest economies, China and the US, could greatly hurt the global economy, according to the former governor of the People’s Bank of China (PBOC), Dai Xianglong. Talking at a press event in Beijing on Friday, he said that, “The consequence of the China-US trade war not only will be reflected in both countries but will also extend to relevant regions, extend to the whole world.” “If the China-US trade war continues to grow larger, it may cause


the global economy to decline, and may cause a global financial crisis,” he said as cited by CNBC.


Continue reading Trade war could trigger ‘global financial crisis,’ says ex-China central bank chief at End Time Headlines.


Source: Trade war could trigger ‘global financial crisis,’ says ex-China central bank chief

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