China Slammed in G-7 Show of Unity Threatening Trade Escalation
- Finance chiefs may take steps to ensure ‘level playing field’
- Joint communique published after meeting in Stresa, Italy
Electric vehicles of Chinese car manufacturer BYD leave the car carrier ship BYD Explorer No. 1 which is moored at the automotive terminal of operator BLG at the port of Bremerhaven, Germany, on Feb. 26, 2024.
Photographer: Focke Strangmann/AFP/Getty Images
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China’s engagement in the global system of commerce was roundly criticized by Group of Seven finance chiefs in a show of unity accompanied by a threat of further escalation.
The club of rich-world ministers and central bankers concluded its gathering in the Italian lakeside town of Stresa on Saturday with a communique that cited the world’s second-biggest economy by name and accused the country of hurting the economies of its trade partners.