Chinese governor stresses trade risks at IMF meeting

Yi Gang
Photo: World Economic Forum

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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