Will US-China tensions erode global economic growth and stability?
2 December 2019
In a competitive, globalised world where all countries seek economic development, what was the most significant development of the past decade? Leon Perera, Chief Executive Officer of Spire Research and Consulting, shared his insights in Business Times – Singapore.
The geo-political rift between China and the Western powers seems to show no signs of a slowdown. If anything, it appears to have passed a tipping point in the past decade whereby both countries now view the other primarily as a competitor.
This geo-political rift has been worsened by the tensions in the South China Sea, the trade war, accusations of hacking of government systems and economic sanctions.
Leon further pointed out that the current geo-political situation needs to be managed with level-headedness and progressive leadership on both sides.
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