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Dispute 'to hit global economy'

Updated: 2012-10-10 08:04
By Wei Tian and Zhang Yunbi ( China Daily)

Rippling fallout from Diaoyu issue imperils world trade, experts warn

The fallout from the Diaoyu Islands will have global economic consequences, experts said, as the International Monetary Fund downgraded its world outlook.

Concerns grew after four State-owned banks, including the Industrial and Commercial Bank of China, the world's largest lender by market value, confirmed that it will not attend the IMF-World Bank annual meeting that opened on Tuesday in Tokyo.

Dispute 'to hit global economy'