World Ch. Schedule : WED 20:30 KST
* Date : 2018-10-08
On Sept. 26, the U.S. Federal Reserve hiked its benchmark interest rate for the third time this year with emerging economies following suit. Also, the trade dispute between the U.S. and China is intensifying as the world's largest economy levied an additional 10% tariff on roughly US$200 bil. worth of Chinese imports.
China seems to be preparing for a protracted trade conflict with the U.S. as President Xi Jinping says this trade dispute will eventually help China stand on its own feet. While many experts worry that continued pressure from the U.S. may lead to an economic crisis for China, others are more optimistic that while there may be damages in the short-term, China will become the world's largest economy at the end of the long tunnel. Which argument is more plausible and how will the global economy be affected by China?
We sit down with Yoo Dong-won from Kiwoon Securities to talk about recent developments have been affecting the world. We also connect with Professor Victor Shih from UC San Diego and Professor Xu Chenggang from Cheung Kong Graduate School of Business to analyze the U.S. and China perspectives, respectively.