BreakingHighlightTop StoryWorld News

China warns international community against ‘slamming brakes on monetary policies’

261

Chinese President Xi Jinping Monday urged the international community to work together to drive economic growth as the world recovers from the Covid-19 pandemic, and warned against “slamming the brakes on monetary policies”.

He gave the warning at the opening session of the World Economic Forum’s Davos Agenda conference monitored by Persecondnews.com.

 Xi called for a bolstering of economic policy coordination.

He said if his fellow world leaders are tempted to backtrack on commitments it would result in “serious negative spill overs” across the world – and developing countries would beat the brunt.

Xi said the two years after the coronavirus crisis hit, the economy is facing many constraints and major disruption to global supply chains continues.

New drivers of economic growth need to be explored by the global community, he said, as he called on nations to remove barrier and seek integration to help “build an open world economy” based on “fairness and justice”. He said such an approach would be vital to prevent the economy from plummeting again.

The online conference is taking place after the WEF postponed its in-person annual meeting because of the pandemic.

Leave a comment

Related Articles

Kidnapped RCCG pastor rescued, says Oyo Govt.

The Oyo State Government announced the safe rescue of Pastor Olugbenga Olawore...

APC declares Ondo governorship primary inconclusive

In Ondo State, the All Progressives Congress (APC) 2024 Governorship Primary Committee...

In a rebuttal, NUSA tells South African Police Nigerians didn’t attack police, damage properties

Contrary to claims by the South African Police Service (SAPS), the Nigeria...

Ondo gov. primary: Commissioner assaults senior journalist, damages his phone

  …..NUJ calls his action as barbaric and unacceptable The Ondo State...

Ondo APC guber primary: 171,922 delegates elect candidate out of 16 aspirants

No fewer than 171,922 accredited delegates are voting in Saturday’s All Progressives...

Tinubu appoints Emomotimi Agama as SEC DG

Mr. Emomotimi Agama has been appointed the Director-General of the Stock Exchange...

Breaking: Nigerian chess master Tunde Onakoya breaks world record for longest chess marathon

The Nigerian chess master, Tunde Onakoya, has set a new Guinness World...

Driver nabbed for slaughtering 80-year-old boss, wife in their Abuja apartment

Pa Adebola Ezekiel, an 80-year-old man, and his wife, Abiodun Ezekiel, have...

NNPC Ltd., First E&P, achieve 20,000 bpd production at OML 85

The Nigerian National Petroleum Company Limited (NNPC Ltd) and its joint venture...

Nigerian Sovereign Investment Authority invests $500m in infrastructure

The Nigeria Sovereign Investment Authority (NSIA) says it has invested over $500...

Oil prices jump on escalating crises in Middle East

Oil prices jumped on Friday while Asian markets tumbled, with global investors...

Breaking: N300m laundering charge: FCT High Court discharges, acquits ex-AGF Adoke

After a seven-year trial, Justice Inyang Ekwo of a Federal High Court...

Latest on Yahaya Bello: Police I-G Egbetokun withdraws policemen attached to ex-governor

Following former Kogi Governor Yahaya Bello’s refusal to surrender to security agencies...

NNPC Ltd., partners donate 2,300-seat ultra-modern library to Niger Delta University

In its bid to create a conducive learning environment and create access...

Sports Minister affirms Nigeria’s readiness for Paris 2024 Olympics

The Minister of Sports Development, Senator John Enoh, has restated the ministry’s...

Update: Nigeria Immigration Service has put former Gov. Yahaya Bello on the watchlist

More woes for the former Kogi State Governor, Mr. Yahaya Bello, as...

Kidnapping, terrorism: Ogun Gov. Abiodun donates drones, 25 patrol vehicles to police, other security agencies

Police I-G, Egbetokun, in Abeokuta to receive them, says Ogun remains the...

Tinubu wittingly picked Northerners to occupy significant positions in his govt – Ribadu

The National Security Adviser, Mr. Nuhu Ribadu, has said that President Bola...

Tinubu directs overhaul of nation’s tiers of education system

President Bola Tinubu has approved the comprehensive overhaul of Nigeria’s educational system...

Alleged N80bln fraud: EFCC declares ex-Kogi Gov. Yahaya Bello wanted

The Economic and Financial Crimes Commission (EFCC) has declared former Kogi Gov....