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Paulson Warns of ‘Dangerous’ World If China-U.S. Tensions Worsen

  • Need more certainty on how U.S.-China will compete, cooperate
  • Paulson says Great Powers have history of stumbling into war
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WATCH: Hank Paulson Discusses U.S.-China Ties at Bloomberg NEF

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The world is headed for a “very dangerous place” if Washington and Beijing are unable to stabilize their relationship, former U.S. Treasury Secretary Hank Paulson said in a speech on the second day of the Bloomberg New Economy Forum in Singapore.

The blunt warning comes just days after President Joe Biden and his Chinese counterpart Xi Jinping held their first virtual summit, signaling a tentative effort to put a floor under ties between the two countries.