David Rubenstein says 'phase one' of a U.S,-China trade deal would ease economic fears. However, bigger issues around the communist Chinese government propping up Beijing's technology ambitions won't get resolved by year-end, predicts The Carlyle Group co-founder.
Billionaire David Rubenstein says a first-step China trade deal would be "enough to get people feeling that this is not a big issue for the economy" for a while.
Both sides are aiming for President Donald Trump and Chinese President Xi Jinping to sign the agreement later this month. However, bigger issues around China propping up its technology ambitions won't get resolved by year-end, predicts The Carlyle Group co-founder.
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