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According to Prasad and other experts, Harris' approach to China would likely be similar to that of Biden. Trump's biggest diversion from Biden-era trade policy would likely be tariffs levied on China. The Trump administration reached a "phase one trade deal" with China in 2019, but few terms were honored and subsequent phases never materialized. Tech warwatch nowThe Biden administration also announced rules limiting U.S. investment in Chinese firms developing sensitive technologies, citing national security concerns. She said channels for the two countries to discuss policy issues decreased significantly during the Trump administration, whereas the Biden administration emphasized its diplomatic engagement efforts.
Persons: Donald J, Trump, Bill Pugliano, Donald Trump, Joe Biden, Eswar Prasad, Kamala Harris, Biden, Prasad, Harris, Biden —, Stephen Weymouth, Economist Stephen Roach, William Reinsch, Scholl, Reinsch, JD Vance, Arthur Dong, Chris Miller, Miller, Rorry Daniels Organizations: Van, Getty, House, CNBC, U.S, Cornell University, Trump, International Monetary, Georgetown University, Economist, Center for Strategic, International Studies, Beijing, Georgetown, Tech, Asia Society Policy Institute Locations: Grand Rapids , Michigan, China, Beijing, Ohio, Washington, U.S, Japan, Netherlands
The US is taking an unnecessarily tough stance on China, Stephen Roach said. The Yale professor told the Odd Lots podcast that reducing the deficit is a better way to improve the US economy. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe US needs to readjust its approach to China or risk deep and unnecessary fallout between the world's two biggest economies, Yale economist Stephen Roach said. The former Morgan Stanley China chairman blasted each country's mounting antagonism on Bloomberg's Odd Lots podcast, sharing dim views on rising trade barriers.
Persons: Stephen Roach, Roach, , Morgan Stanley, Donald Trump, Joe Biden Organizations: Yale, Service, Beijing, Business Locations: China
US-China tensions are nearing a "red-line," according to Yale economist Stephen Roach. Roach said the US's support for Taiwan could spell trouble for firms that do big business in China. He warned of a potential conflict between the two nations, and said US firms need to come up with a "plan B." Sign up for our newsletter to get the inside scoop on what traders are talking about — delivered daily to your inbox. "All multinationals who have made such a massive commitment to China want at least to begin to work hard on a plan B here," he added.
Volatility in the US banking system is an opportunity for China, Yale's Stephen Roach said. "A rising China is taking dead aim at crisis-prone America," Roach said. "A rising China could hardly ask for more." "That's precisely the point of the increasingly worrisome interplay between another US-made financial shock and a sharply escalating Sino-American cold war. A rising China is taking dead aim at crisis-prone America," Roach warned.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina's zero-Covid policy is an 'unmitigated disaster,' says economist Stephen RoachStephen Roach of Yale University discusses recent Covid protests in China and explains why he doesn't think "they'll get out of hand."
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEconomist Stephen Roach warns China's zero-Covid policy pushes economic growth toward 0Stephen Roach, fmr. Morgan Stanley Asia chair, on what the China protests mean for the markets. With CNBC's Melissa Lee and the Fast Money traders, Dan Nathan, Karen Finerman, Guy Adami and Jeff Mills.
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