Aiib president warns us China trade dispute damages Asia

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      Jin Liqun, President of the Asian infrastructure investment bank, warned Thursday that if the trade dispute continues, it will damage Asian countries that are heavily dependent on exports to China and affect their debt sustainability.
If trade disputes affect growth in the world's second-largest economy, exports to some Asian economies with a trade surplus with China could be affected, Jin said. This will have a direct impact on the debt sustainability of these countries, he said at a seminar in Washington. These countries rely on export earnings to finance infrastructure projects and repay debt.
"It will definitely be a problem," Jin said of bilateral trade tensions. "We are looking forward to a solution... It's not part of it, it's a complete solution. "
Trade negotiators from the United States and China are working to finalize the first phase of the trade agreement for the two heads of state to sign next month. This gives hope that the two countries are gradually easing disputes that have destabilized markets and hit global economic growth.


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