Policy uncertainty, protectionism can impact global economy: China finance minister

Reuters/Ryan Woo/03-20-17

China’s Finance Minister Xiao Jie, who attended last week’s G20 meeting, warned that momentum seen in the global economy could be curbed by policy uncertainties and the rise of protectionism.

G20 finance ministers and central bankers, in their communique issued following a gathering in the German resort town of Baden-Baden, dropped a pledge to keep global trade free and open, acquiescing to an increasingly protectionist United States.

Instead, they merely made a token reference to trade in their main communique by saying the G20 would work together to strengthen the contribution of trade to their economies.

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