The US is pushing China to a 'red line' and companies that do business in the country need to come up with a 'plan B,' Yale economist says
US-China tensions are reaching a critical point, and US companies that do business in the country might want to come up with a"plan B" in the event relations between the superpowers deteriorate, according to Yale economist Stephen Roach.
"All multinationals who have made such a massive commitment to China want at least to begin to work hard on a plan B here," he added. Though US politicians have not said it explicitly, McCarthy's visit is another sign of support for Taiwan amid its own tense dealings with China, Roach said, which means US-China relations could be approaching a tipping point.
"For China, that is their red line, and they pushed back last August, and they will most surely push back after this meeting," Roach said, referring to rising tensions after Former ."It clearly raises a real warning flag for them that we are going to keep putting our foot on their throat."
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