Top
image credit: Pixabay

Trade war could trigger a ‘global financial crisis,’ says ex-China central bank chief

May 31, 2019

Via: CNBC

China continued to ramp up the rhetoric against the U.S. on Friday, with a former Chinese central bank chief saying that further escalation in trade tensions between Washington and Beijing could greatly hurt the global economy.

“The consequence of the China-U.S. trade war not only will be reflected in both countries, but will also extend to relevant regions, extend to the whole world,” Dai Xianglong, a former governor of the People’s Bank of China, said Friday morning at a press event in Beijing hosted by think tank China Center for International Economic Exchanges.

Read More on CNBC