A top adviser to the Chinese government warned Wednesday that the ongoing trade war between the U.S. and Beijing could lead to a ‘world recession’ by damaging supply chains from other countries.

“If that continues, it will disrupt the world economy and also particularly interrupt the world value chain,” said Wang Huiyao, the founder of global think tank Center for China and Globalization and an official adviser to the China State Council, told News 18, the CNN channel for India. “It’s going to be very bad if this continues. We may have another world recession.”