Lagarde weighs in on US debt and global economic recovery.

European Central Bank President Christine Lagarde warned that choosing between the US and China would lead to less economic growth and more poverty across the world. She urged both nations to engage in dialogue and emphasized that trade should not be confrontational. Lagarde's comments come amid rising political pressure on countries to side economically with either the US or China. She also expressed hope that the two nations can avoid conflict and work towards mutual economic development.