News Snapshot:
China and the US should cooperate on international financial policy, Harvard University economist Larry Summers, a former US Treasury secretary, said via video in conversation with Wang Huiyao, president of the think tank the Center for China and Globalization, at a virtual "fireside chat" event in Beijing on Wednesday. Summers said that the world and China will face challenges in the future and more attention needed to be paid to the poorest countries in the world having substantial debt both because of the low interest rates and challenges associated with COVID-19. "My hope would be that just as we did...
