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UNESCAP official: China-US trade tensions hurt global economy

CNC
Added On May 23, 2019

 Armida Salsiah Alisjahbana, executive secretary of the UNESCAP, said in an recent interview with CNC that China-U.S. trade frictions will harm global trade and negatively impact the economies of many countries around the world.

 
SOUNDBITE 2(ENGLISH): ARMIDA SALSIAH ALISJAHBANA, Executive Secretary of UNESCAP
 
"Many countries have trade relationships with China as well as with the U.S., if because of this trade tension, trade activities, trade volumes among countries decrease, then it will impact negatively many countries in the world as well as certainly in the region. What we hope is a win-win mutually beneficial conclusion of the negotiation, especially between China and the U.S."
 
The official also hailed China's contribution to global development.
 
SOUNDBITE 1(ENGLISH): ARMIDA SALSIAH ALISJAHBANA, Executive Secretary of UNESCAP
 
"If you see China, the progress is not only economically, but in all various aspects of the society. One of the drivers has been manufacturing, but not only in manufacturing. Industry, service lately and in the past few years is very important. China's economy has been undergoing the so-called re-balancing."