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China Slams G-7 for ‘Hyping’ Overcapacity as Trade Tensions Soar
China hit back at the Group of Seven nations over their criticism of Beijing’s global trade practices, accusing members of exaggerating the threat of overcapacity posed by the world’s second-largest economy. The club of rich-world finance ministers and central bankers accused China in a communique on Saturday of hurting the economies of its trade partners through its “comprehensive use of non-market policies and practices,” adding that members would continue to monitor the “negative impacts of overcapacity.” Chinese Foreign Ministry spokeswoman Mao Ning dismissed such claims during a regular press ... (full story)
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- Posted: May 27, 2024 6:48am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 2,832
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