Chinese governor stresses trade risks at IMF meeting
Yi Gang says protectionism has already damaged global business confidence
The People’s Bank of China governor, Yi Gang, warned about the risks for the global economy derived from protectionism in a speech on October 14.
“The rising trade protectionism, friction and policy uncertainties have begun to dampen global business confidence and resulted in increased financial market volatility,” Yi said at the annual meeting of the International Monetary Fund in Indonesia.
In the medium to long term, these policies could have grave consequences, he added. Protectionism
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