The longtime expert on U.S.-China trade also said that the United States employs a false narrative on China by describing the country as an existential threat to Washington's economic future.
The allegations are based on weak evidence and neglect the fact that the same saving problems, which lead to trade deficits, will also inhibit America's potential to invest in its industries of the future, like 5G capabilities, he said.
"Blaming China for America's homegrown shortfalls in driving its own innovation model is yet another painfully unfortunate characteristic of a politically-inspired blame game," he also said.
"The politics of protectionism pose an existential threat to sustainable global economic activity," Roach warned. "Tit-for-tat tariffs will reduce economic activity in both the United States and China and will disrupt global activity through supply-chain linkages."
Supply chains are key to holding down global inflation while the risk of higher inflation and interest rates will only mount if they are disrupted, an outcome that has the potential to deal a devastating blow to global financial markets, according to Roach.
【国际英语资讯:Interview: China-bashing not solution to U.S. homegrown problems, says economist】相关文章:
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