The prime minister has warned that China is the biggest state threat to Britain’s economy, but told world leaders that ending the war in Ukraine would be “transformational” for the global economy. Sunak was seen beaming at Sergei Lavrov at the opening session of the G20 summit in Bali, where the new prime minister will meet many world leaders, including President Biden, for the first time. Sergey Lavrov came to Bali in place of President Putin SEAN KILPATRICK/REP At an event where he hopes to speak with President Xi, Sunak called China a “systemic challenge to our values” but stopped short of the harsher language favored by his predecessor. Instead, Sunak used the start of the summit