This article first appeared in Forum, The Edge Malaysia Weekly, on June 20, 2022 – June 26, 2022. The chances of a military clash are still low but the growing tensions between the US and China will still drive big changes in the workings of the world economy

– A + A Markets are in a deep funk, rattled by the prospect of inflation surges in the US that will prompt aggressive rate hikes by the US Federal Reserve.…

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