'Rising East, declining West' a popular view in China, but Hong Kong tycoon urges caution
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#226688e6 ver:0.32

Prominent economist Stephen Roach warns of Hong Kong's struggles without a rebound in China's economy, sparking response from the government. Roach also criticizes US-China trade war and suggests China shift support to private sector. IMF's Gita Gopinath emphasizes need for dialogue to prevent fragmentation. Trade war leads to decoupling of US-China economies, redirecting trade and causing technological race. IMF predicts global economic slowdown, urges preservation of gains from open trade. Roach's assessment of Hong Kong's future met with criticism. Ronnie Chan cautions against 'rising East, declining West' view, urges caution in US-China rivalry....

#newstr #China #Us #HongKong #Economy #TradeWar #Decoupling #GlobalEconomy 

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