WORLD POLITICS There’s a ‘real danger’ of China developing separate systems from the rest of the world, expert says

PUBLISHED WED, SEP 9 202010:09 PM EDT KEY POINTS The cost of a U.S.-China “decoupling” would be high, but that does not mean Beijing will not choose to create systems that are “mutually exclusive” from the rest of the world,, said Robert Daly of the Wilson Center’s Kissinger Institute on China and the United States. “There is a real danger of China and ... much of the rest of the world developing separate financial systems for things like payments of international debts and payments for trade,” he said. Daly also said that talk of decoupling from the U.S. is “more than just campaign rhetoric” from the Trump administration. for further information click here: https://www.cnbc.com/2020/09/10/china-could-develop-systems-that-are-separate-from-the-world-expert.html