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Alex Fan: “the US trade war will only bring about the consequences of both failure and injury”

出自香港新聞網 - 樹仁新傳系學生實習習作

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Alex Fan who is a Vice Chairman, Money Magazine (China) attend to Shue Yan University to hold a talk about "The US-China Trade War".

"The US trade war will only bring about the consequences of both failure and injury." said the Vice Chairman of Money Magazine (China) Alex Fan. Because the U.S. is extremely dependent on China, nearly 70-80% of clothing, shoes and other items are made in China, and the additional U.S. tariffs will reduce the annual purchasing power of each family by nearly $500, and increase inflation. The GDP of the two countries will also be affected. Therefore, it is not advisable for the United States to crack down on China with tariffs, which can be called "self harm". He believes that if China is besieged by means of technology transfer, capital export and political isolation, coupled with China's external debt, the pressure will be higher.--175129 2019年12月30日 (一) 15:07 (CST)

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