Copyright 2014

Global economic growth prospects gloomy, commerce minister tells G20 trade leaders meeting

The commerce minister yesterday issued a stern warning over the global economic outlook and urged governments to boost trade and investment as a way to shrug off gloomy sentiment.

As Gao Hucheng made his opening remarks at the Group of 20 trade ministers meeting in Shanghai, he carried a strong message that China was adamant in building a consensus among the economic powerhouses to improve trade and investment to avoid a global recession.

China will host the G20 summit in Hangzhou in ­September.