Trade
US Risks a ‘Forever’ Trade War With China, Economist Stephen Roach Says
- Economist calls US protectionism against China a ‘blunder’
- China property rescue package isn’t enough, Roach says
This article is for subscribers only.
Economist Stephen Roach criticized US trade policies against China as a “blunder” that risks creating an endless economic conflict between the two nations.
“To take a protectionist stand against a country like China, that has a comparative advantage in producing the non-carbon alternative energy products that a world in the grips of climate change desperately needs is a blunder, potentially of historic proportions,” said Roach, former chairman of Morgan Stanley Asia, during an event in Beijing on Friday.