The division between China and the United States could have significant consequences for technological change, potentially splintering the globe into two competing camps, said Janet Yellen. Photo: AP
The division between China and the United States could have significant consequences for technological change, potentially splintering the globe into two competing camps, said Janet Yellen. Photo: AP
Economy /  Global Economy

Trade war deal will not fix US-China tensions as ex-Fed chair Yellen warns of long-term global impact

  • Janet Yellen, who chaired the US Federal Reserve from 2014 to 2018, warns of the risks of technological decoupling between China and the United States
  • Subsidies to state-owned enterprises, artificial intelligence and 5G technologies well as national defence and security concerns are also ‘quite difficult to deal with’

Karen Yeung
Karen Yeung

Updated: 6:52pm, 16 Feb, 2020

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The division between China and the United States could have significant consequences for technological change, potentially splintering the globe into two competing camps, said Janet Yellen. Photo: AP
The division between China and the United States could have significant consequences for technological change, potentially splintering the globe into two competing camps, said Janet Yellen. Photo: AP
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