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Currently, the global economy is in the midst of a delicate recovery. Any protectionist or unilateral move -- such as the one taken by the Trump administration -- could stifle momentum and threaten a long-awaited return to growth.
Su Quanke, a member of the CPPCC National Committee, brought a proposal to facilitate rural road construction.
Austrian President Alexander Van der Bellen, Philippine President Rodrigo Duterte, Mongolian Prime Minister Ukhnaa Khurelsukh, Dutch Prime Minister Mark Rutte, Pakistani Prime Minister Shahid Khaqan Abbasi, Singaporean Prime Minister Lee Hsien Loong, United Nations Secretary-General Antonio Guterres, and Managing Director of the International Monetary Fund (IMF) Christine Lagarde are expected to attend the forum.
For Stephen Roach, former chairman of Morgan Stanley Asia and the firm's chief economist, raising tariffs manifests the Trump administration's narrow fixation on an outsized bilateral trade imbalance with its partners, including China.
He cited risks in corporate leverage, market violations such as shadow banking, and some rampant financial holding companies.
