Osborne sounds global economy warning but downplays China jitters

Chancellor tells IMF meeting that Britain is not immune from rising global economic risks as he hails China's 'enormous' contribution to growth

Global economic risks are rising and Britain will not be immune, George Osborne has said in response to warnings from the International Monetary Fund over the potential for another crash.

The chancellor said the Greek debt crisis remained a threat to the eurozone alongside the fallout from tumbling commodity prices and high debt levels in some countries. But he said concern about the slowdown in China should not be overdone, since it was still contributing solidly to global growth.

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