Global economy ‘grim’ and G20 must step up to fix it: China

warning-300x100

China's Commerce Minister Gao Hucheng (2nd L) attends the opening ceremony of the 2016 G20 Trade Ministers Meeting in Shanghai, China July 9, 2016. REUTERS/Aly Song

Reuters – Jul 9, 2016

The global economic situation is grim and major economies must lead the way in tackling problems including sluggish growth and weak trade, China’s trade minister Gao Hucheng said on Saturday.

Gao made the remarks at the start of a two-day meeting of trade ministers from G20 economies in Shanghai, as uncertainty hangs over the outlook for a slow-growing global economy now beset by post-Brexit reverberations.

The global economic recovery remained “complicated and grim”, Gao said.

http://www.reuters.com