China Warns of Economic Risk of Syria Intervention
TEHRAN (Tasnim) - China is warning other world powers of global economic risks of a potential US-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 the G20 group of developed and developing nations which is supposed to concentrate on the global economy, AP reported.
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."