Economics

China Joins Europe in Syria Economic Risk Warning at G-20 Summit

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China and Europe at a Group of 20 summit hosted by Russia warned that U.S.-led strikes on Syria would risk harming the global economy, bolstering efforts to rally opposition to the proposed attack.

“Such a military action will definitely have a negative impact on the world economy, especially on the oil price,” Chinese Vice Finance Minister Zhu Guangyao told reporters in St. Petersburg today. “We hope that this issue could be solved at the United Nations and through diplomatic channels.”