G7 finance chiefs criticized China's trade practices, accusing Beijing of overcapacity issues and non-market behaviors. China retaliated, rejecting the accusations and defending its economic achievements based on market mechanisms and government roles. Chinese experts condemned the G7's claims, attributing them to US protectionism. The dispute highlights escalating tensions in global trade.
Global risks–including Chinese overcapacity–have increased, but government intervention should seek to minimize trade-offs, writes @CFR_RealEcon's @MPGoodman88. https://t.co/dlO4l1JlyI
In the latest installment of our "Trade-offs" series @CFR_RealEcon, I offer my take on the China tariffs announced by the White House on May 14 @CFR_org https://t.co/mRskPe8kPS
🇨🇳 ‘Overcapacity’ Is the New Buzzword to Whack #China - Bloomberg https://t.co/7qWZDpUr6B https://t.co/g1uLoiHYNs
Chinese experts slammed allegations of "non-market policies and practices" made by the G7 finance chiefs against #China, saying the baseless claims reflect the toxic influence of #Washington's worsening protectionism among its allies and pose a serious threat to global free trade… https://t.co/gp9C1P6S8C
#China’s economic achievements over the past four decades were the success of reform and opening-up, and the effective combination of market mechanisms and the government's role. So-called Chinese non-market behavior coined by the G7 unilaterally is unacceptable, a Chinese… https://t.co/ecX7qZIF8m
G7 accuses China of hurting the economies of its trade partners https://t.co/eD7JVdKGZb https://t.co/D2m1vs3VLb
China refuses G7 accusation of "non-market" trade policies, practices https://t.co/FnUbJ6JWcc
China hit back at G-7 nations over their criticism of Beijing’s global trade practices, accusing members of exaggerating the threat of overcapacity https://t.co/3PhQv9SXPA
#FMsays The discriminatory measures taken by a few Western countries targeting specific countries and enterprises are truly non-market behaviors and are distorting the market; China does not accept the standard of the so-called non-market policies and practices that is… https://t.co/E67KRJPkzf
#China’s economic achievement over the past four decades is based on reform and opening-up, as well as the effective combination of market mechanism and government roles. The so-called Chinese non-market behavior unilaterally coined by the G7 is unacceptable, Chinese FM… https://t.co/9DSo7j4uwG
G-7 NATIONS ARE HYPING UP CHINA OVERCAPACITY ISSUE, MAO SAYS
China’s engagement in the global system of commerce was roundly criticized by G7 finance chiefs. @EngleTV reports https://t.co/yT9acy65o9 https://t.co/73sa4Bx5f8