China alone cannot save world from Brexit downturn, says Li

China's Premier Li Keqiang (C) speaks at the 1+6 meeting on promoting growth in the Chinese and global economies, on July 22, 2016 in BeijingThe world cannot depend on China alone to save it from a Brexit-induced downturn, the country’s premier said Friday, ahead of hosting a meeting of G20 finance ministers. Government representatives and central bank chiefs from the world’s top 20 economies gather in the southwestern Chinese city of Chengdu this weekend with the impact of Britain’s vote to leave the European Union (EU) high on the agenda. China’s economic boom of recent decades has seen it become the world’s second-largest economy and a key driver of global growth, with a massive stimulus package Beijing launched in 2008 credited with helping ease the pain of the global financial crisis.

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