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

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’

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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