Apec sees heightened downside risks to global economy

Beijing

THE global economy is beset by increasing "downside risks", Asia-Pacific finance chiefs said on Wednesday, a day after growth in China hit a five-year low.

The meeting in Beijing of finance ministers from the Asia-Pacific Economic Cooperation (Apec) forum preceded the group's annual summit next month, when Chinese President Xi Jinping will host leaders from the United States, Russia and Japan, among others.