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G-20 statement signals global pressure on China’s export reliance

  • G-20 finance officials issued a statement implicitly criticizing China’s export-dependent growth model.
  • The statement was issued Tuesday in Asheville, N.C., during a finance ministers’ meeting.
  • The agreement came amid disputes involving Russia and President Trump’s policy toward Canada.

Concerns over China’s manufacturing strength and export-led growth have spread beyond the United States, emerging at a G-20 (Group of 20 economies) meeting in Asheville, N.C. A statement issued Tuesday by finance ministers and central-bank chiefs implicitly criticized Beijing’s reliance on exports, marking a new phase in international pressure. The agreement stood out amid broader disputes over Russia and President Trump’s policy toward Canada.

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