US, China Have to Cooperate on Global Economic Imbalances, USCBC Head Says

High levels of inflation around the world oblige the United States and China to join forces to stabilize global economic imbalances, according to the president of the US-China Business Council. “There is a really serious crisis of inflation, particularly in energy and food,” Craig Allen told Yicai Global in a recent interview, which “compels our two countries to work together to stabilize global economic imbalances.”