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Protectionism a threat to recovery: Chinese official

A top Chinese central bank official warned Sunday that rising trade and investment protectionism remains one of the major threats to the global economic recovery. "We have noticed that major risks threatening (the) global economic recovery still remain," Li Dongrong, an assistant governor of the People's Bank of China, said in a speech at Kuwait Financial Forum. These included "rising...

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Gulf economies seen recovering faster than others

... has said.Another G20 power, China, plans to keep active fiscal policy and loose monetary policy, Li Dongrong, an assistant governor at the central bank, told the forum."China's economy is at a critical juncture of stabilisation and recovery," he said. "Based on this judgement, we will continue to implement active fiscal policy (and) loose monetary policy."Like other countries, China has...