Larry Summers: China's economic weakness could drive ‘problematic’ nationalism
  • 4 years ago
Weakness of the Chinese economy could generate “a certain truculence in its international relations”  by driving nationalism in the country and “scapegoating of foreigners”, according to economist Larry Summers. The former World Bank chief economist and senior US Treasury Department official, also said de-escalation of trade tensions between the United States and China is not yet an indication for a substantial deal despite the progress. Summers, who has advised two past US presidents, spoke…
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