China-US Spat at G20 Largely Came Down to Dispute over One Word
4 Articles
4 Articles
China-US spat at G20 largely came down to dispute over one word
A G20 finance meeting saw US and Chinese officials disagree over trade language. The core dispute centered on the phrase "non-market" policies and practices. China viewed this term as an attack on its state-owned companies. This disagreement prevented the group from issuing a joint communique. The impasse highlights ongoing trade tensions between the two economic giants.
It was reported that the US and China clashed strongly over a joint statement at the G20 (20 major countries) finance ministers and central bank governors meeting held ahead of the summit at the end of this month. When 19 countries, including the United States, tried to include in a statement criticizing China's state-led industrial policies, etc., China repulsed and rejected it, and it was eventually defeated. An analysis shows that the fight b…
The dispute between Chinese and American officials during this week's G20 finance ministers' meeting centered on one word, Bloomberg reports. It was the phrase "non-market."
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