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China Warns Of Economic Risk Of Syria Intervention [VIDEO]

China is warning other world powers of global economic risks of a potential U.S.-led military intervention in Syria’a civil war.

Vice Minister of Finance of the People's Republic of China Zhu Guangyao attends the briefing at the G20 summit
Vice Minister of Finance of the People’s Republic of China Zhu Guangyao attends the briefing at the G20 summit (Mikhail Kireev/Host Photo Agency via Getty Images)

China’s vice finance minister (Zhu Guangyao) says such “military action would definitely have a negative impact on the global economy, especially on the oil price.”

He spoke in St. Petersburg, Russia today, ahead of a summit of leaders of the Group of 20 leading world economies.

The finance minister cites estimates that a $10 rise in oil prices could push down global growth by 0.25 percent.

He urges a negotiated U.N. solution to the standoff over allegations that Syria’s government used chemical weapons against its own people, expressing hope that “the world economic balance will become more stable rather than more complex and more challenging.”


(Copyright 2013 The Associated Press. All Rights Reserved)

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