He said this at a conference of association of German startups.

“The economic cause of all crises, in my opinion, lies in the current struggle with or attack on the socio-economic order: in a situation of global rivalry between Chinese state capitalism and US turbo-capitalism, the tradition of Europe sometimes seems a little sleepy and dusty,” RIA Novosti quotes him.

Earlier, Chinese President Xi Jinping said that Beijing and Washington need to strengthen interaction and cooperation to increase stability and certainty in the world.