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G20 discusses global financial system

Reporter: Zhang Mengyuan 丨 CCTV.com

10-08-2016 00:51 BJT

The G20 group of economic powers warned Friday that the world economy could worsen under the pressure of rising unrest, protectionism, and frail financial systems.

In a press conference held in Washington, Chinese Finance Minister Lou Jiwei, current chairman of the G20,  said G20 leaders did not discuss situation of any specific European bank.He said that vulnerabilities of global financial system is rising, while Brexit fallout is uncertain.

German Federal Minister of Finance Wolfgang Schaeuble said danger of a new financial crisis in the world is not completely excluded, while global economy has been made more resilient since last financial crisis.

Schaeuble said G20 did not discuss Brexit negotiations at meeting on Thursday night, as talks are matter for the UK government.

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