(Sydney / Washington Composite Electric) Australian Prime Minister Morrison said that Sino -US trade disputes have caused damage to smaller countries and threatened the global economy.
Comprehensive Agence France -Presse and Reuters reported that Morrison said yesterday that Sino -US trade tensions have been upgraded, and damage is spreading.The global trade system is facing substantial pressure, and the forecast of global economic growth is falling.
He said in Sydney: If the relationship between (China and the United States) further deteriorates, its impact will not be limited to these two major powers.
Chinese President ... and U.S. President Trump will meet during the Twenty Group (G20) Summit in Osaka, Japan this weekend. This is the 5Shy of the Sino -US trade war; after the monthly upgrade, the two heads of state will meet.The outside world believes that this meeting is critical to prevent the upgrading of the trade war.
However, Morrison also said that China should implement economic reforms to end the trade war that is destroying the global economy.He said that the Chinese economy should reflect its maturity because industrial subsidies in the current model did lead to excess production.
Morrison's previous speeches rarely exceeded the scope of the Sino -U.S.
Haydon Manning, an expert in Politics at the University of Flinders, believes that China will definitely not be willing to hear these comments.
The conservatives of Morrison have been successfully re -elected in the Australian elections of the month this year.At that time, he promised that it would maintain the almost uninterrupted economic growth in Australia for nearly 28 years.However, the economic growth in Australia has begun to slow, and its decline is imminent. The Morrison government said that the main reason was that due to the tension of Sino -US relations, China is Australia's largest trading partner.But economists blame the current dilemma on the structural weakness of Australia.
