China-US rivalry on brink of becoming a ‘financial war’, form…

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The growing rivalry between China and the United States is at risk of becoming a “financial war”, a former Chinese finance minister said on Saturday.Speaking at an industry forum in Beijing, Lou Jiwei, chairman of the foreign affairs committee of the Chinese People’s Political Consultative Conference (CPPCC) National Committee, said that despite the compromises the two countries were trying to reach on trade, the dispute was likely to roll over into other areas.“The next step in the frictions…

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