- George Yeo, a former Singapore foreign and trade minister, says there's potential for a "global economic crisis" arising from the U.S.-China trade war.
- Yeo, who is now chairman of Kerry Logistics Network, says the company has profited in the short run as companies divert trade and investment to avoid tariffs.
- He says that the best chance to resolve the trade war is in direct talks between U.S. President Donald Trump and Chinese President Xi Jinping.
OTHER NEWS
The Chinese “national team” of entities related to or influenced by the country’s government was formed in 2015 to help support stocks during that summer’s market turmoil. In the second quarter, the groups bought an estimated net 116 billion yuan — or nearly $17 billion — worth of local stocks that are known as A […]
https://bizlive.vn/kinh-doanh-quoc-te/cong-ty-chung-khoan-trung-quoc-ngoi-tren-dong-lua-voi-240-ty-usd-cho-vay-3458728.html Công ty chứng khoán Trung Quốc ngồi trên đống lửa với 240 tỷ USD cho vay
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