China warns of economic risk of Syria intervention

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

In this image taken from video obtained from the Shaam News Network, which has been authenticated based on its contents and other AP reporting, smoke rises from buildings due to heavy clashes between Free Syrian army fighters and government forces in Daraya, a suburb of Damascus, Syria, Wednesday, Sept. 4, 2013. (AP Photo/Shaam News Network via AP video)

ST. PETERSBURG, Russia (AP) — China is warning other world powers of global economic risks of a potential U.S.-led military intervention in Syria'a civil war.

Chinese 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 on Thursday ahead of a summit of leaders of the Group of 20 leading world economies.

He cited estimates that a $10 rise in oil prices could push down global growth by 0.25 percent.

He urged 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."
Associated Press
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


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