All the day’s economic and financial news, as Chinese leader calls for Asian states to unite against US protectionist trade policies

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“There are deep and complex changes underway in the international situation, the politics of force, unilateral approaches and protectionism are rearing their head.”

Related: Trump threatens new tariffs on $267bn of Chinese goods

“We have unique geographic benefits. China and Russia are the biggest neighbours, we have solid political ties.

Chinese and Russian relationships are at all times high level.”

Related: Salisbury attackers were Russian military intelligence, says May

“Trade is a positive, trade is a plus, trade needs fixing certainly but it is a tool and an engine for growth that should not be under threat, particularly at the moment.”

Lagarde warns of US-China trade war ‘shock’ to emerging markets https://t.co/tECLE6g4Xk

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Read More China’s President Xi criticises protectionism as trade war fears swirl – business live

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