September 5, 2013
A senior Chinese official, backing Russia in opposing a U.S.-led military strike in Syria, warned that such action would hurt the global economy.
It “will definitely have a negative impact on the world economy,” said Vice Finance Minister Zhu Guangyao, speaking ahead of the Group of 20 summit here.
Zhu said estimates from the International Monetary Fund indicate that a military strike would lead to a $10 jump in the price of a barrel of oil, which in turn would cut global economic growth by 0.25%.
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