Britain's Chancellor of the Exchequer Philip Hammond (top left) listens to China's Finance Minister Liu Kun (top centre) during a photo session at the G20 finance ministers and central bank governors meeting in Fukuoka. Photo: AFP
SCMP Editorial
Opinion

Opinion

Editorial by SCMP Editorial

Coordinated effort needed to shore up global economy

  • The US-China trade war and uncertainty surrounding Brexit demand that nations come up with a circuit breaker to arrest the slide towards recession

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Britain's Chancellor of the Exchequer Philip Hammond (top left) listens to China's Finance Minister Liu Kun (top centre) during a photo session at the G20 finance ministers and central bank governors meeting in Fukuoka. Photo: AFP
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The US fell to the sixth largest foreign investor in China in April from the third largest in March, according to the data. Photo: Reuters

Trade war could cause global recession, Beijing official warns, as US investment growth in China sinks

  • US investment in China grew 7.5 per cent between January and May, year on year, a much slower pace than the 24.3 per cent recorded between January and April
  • Ministry of Commerce spokesman Gao Deng says that the trade war ‘could cause a recession in the United States and global economies’
Topic |   Investing

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The US fell to the sixth largest foreign investor in China in April from the third largest in March, according to the data. Photo: Reuters
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