The IFF China Report 2020
Insight and perspectives from the world’s leaders, premier policy-makers and financiers
Financial stability
When US President Donald Trump introduced tariffs on Chinese exports in 2018 it upset the world order and dampened economic growth. China responded in force, asking its firms to find alternative sellers for US exports. As a result, it has bought commensurately more from the rest of the world and has expanded trades with countries participating in the Belt and Road Initiative. Not wanting to allow trade wars to continue to upset global growth, China has seeked ways to ensure technological evolution and industrial transformation has continued. Now it is time for the rest of the world to strengthen industry governance and safeguard financial stability to ensure co-operation can be the next driver of globalisation.
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