Former Morgan Stanley Asia chairman says the focus on security is distracting both powers from fixing their domestic economic problems.

A prominent American economist has cautioned that the United States and China risk developing a “fixation” with national security, a tendency he said was distracting from the domestic challenges facing both countries. “We’ve taken the concept of national security too far,” said Stephen Roach, a senior fellow at Yale Law School’s Paul Tsai China Centre, at the US-China Hong Kong Forum on Monday. He called on Washington and Beijing to draw a clear distinction between economic and national…

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