Financial Times: China has scuppered a consensus at the G20 finance ministers’ summit by opposing language in the communiqué agreed by the US and the other countries about eliminating “non-market policies” to curb global trade imbalances.
…Asked why China had resisted the language agreed by the group, a senior US official said: “They are guilty. If we are worried about persistent distortions, they are the worst offenders. For the G20 to have something at 19-1 is unbelievable.”…