CNBC: ‘Disturbing’ actions by China signal early stages of a cold war, economist Stephen Roach warns
Economist Stephen Roach warns Beijing’s crackdown against U.S.-listed China stocks will have widespread market implications.
Roach, who is considered one of the world’s leading experts on Asia, believes the actions are signaling the early stages of a cold war.
“I am a congenital optimist when it comes to China. But I find these actions really quite disturbing,” the former Morgan Stanley Asia chairman told CNBC’s “Trading Nation” on Friday.
“China is going after the core of its new entrepreneurial driven economy, and it’s going after their business models.”
According to Roach, the tensions between the world’s two largest economies could get to levels not seen since the early 1970s.
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2 comments:
Bring on the Cold War then. The sooner the US extricates itself from China and totally restricts China from our territory and economy the better. Europe too. The fact that China has bought off so many American politicians and American companies will make it extremely difficult.
Bring it on?
They poisoned us with a biological agent just last year. Lol
We are far beyond anything we ever had with Russia.
We are at war and it can go kinetic any day now. We are beyond cold war
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