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China Assistant ForeignMin: Global economy faces downward pressure

The Chinese Assistant Foreign Minister is on the wires now, via Reuters, commenting on global growth concerns and trade issues.

Key Headlines:

The global economy faces downward pressure.  

China hopes G20 will maintain multilateralism.

China hopes G20 to maintain long-standing position against protectionism.  

G20 cannot replace WTO.

China hopes G20 to be driving force for global economic growth.

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