Choosing between U.S., China to bring less prosperity, more poverty: EU Central Bank chief

2023-04-18 11:40:11Xinhua Editor : Li Yan ECNS App Download

The rising political pressure on countries to choose between the United States and China would lead to less economic growth across the world and should be avoided by "all means," European Central Bank President Christine Lagarde was quoted by FOX news as saying on Sunday.

"There is clearly a competition between these large economies," Lagarde was quoted as saying on CBS's "Face the Nation," referring to the two nations.

The decoupling and the sort of bipolarization of the world would lead to less economic growth, less prosperity and more poverty across the world, Lagarde warned.

She voiced hope that the United States and China can engage in dialogue and warned that trade should not be confrontational.

Lagarde is a French politician and lawyer who previously served as managing director of the International Monetary Fund from 2011 to 2019.


Most popular in 24h

MoreTop news


Back to top About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2023 All rights reserved.
Reproduction in whole or in part without permission is prohibited.
[网上传播视听节目许可证(0106168)] [京ICP证040655号]
[京公网安备 11010202009201号] [京ICP备05004340号-1]