SINGAPORE - Trade tensions between the United States and China are not likely to lead to a global financial crisis, but could, in the long term, cause a split in the structure of the global economy, said Prime Minister Lee Hsien Loong on Monday .
He added:"Globalisation has resulted in progress and prosperity in terms of technology, breakthroughs, and sharing knowledge amongst humankind. The alternative will be a less prosperous, more troubled world." Mr Lee gave Nikkei a wide-ranging interview ahead of his trip later this week to Osaka for the high-level Group of 20 Summit, where US President Donald Trump is expected to meet Chinese President Xi Jinping.
But he added that some sectors are still strong - for instance, education, health, social services and information and communications.