China’s commerce minister said Saturday the outlook for the global economy remains grim despite its gradual recovery from the impact of the financial crisis. Commerce Minister Gao Hucheng’s comments underscored growing concerns about the global economy, which have deepened since the U.K. voted to leave the European Union, raising fears of a global recession.


“In the past few years through our shared hard work, the global economy emerged from its previous low and is developing in a good direction,” Gao said. But at the same time, “the deep effects of the global financial crisis can still be felt.” Gao did not mention Brexit in his opening remarks at a meeting of trade ministers …FULL REPORT