Jim Yong Kim, President of World Bank, is concerned by the US-China trade tensions and fears a clear economic slowdown if all countries went to the limit on tariff threats.
Key quotes
China’s economic growth slowing, but 6.5 percent growth still ‘very good’.
Chinese authorities are very concerned about managing the level of China’s indebtedness.
Very concerned with the rising global debt levels.
More study needed to understand trade war effects on countries that supply China.
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