China’s Stand on Global Trade | Business and Finance News

At the G20 finance ministers’ meeting, nineteen out of twenty nations agreed that flooding markets with cheap exports isn’t sustainable — but China stood alone, rejecting the call to shift away from export-driven growth. Treasury Secretary Scott Bessent emphasized the global urgency, noting China’s resistance as a major hurdle. Meanwhile, an unexpected common ground emerged between China and the U.S. on Iran: both agree nuclear weapons must be off the table and key energy routes like the Strait of Hormuz must stay open. Now, Bessent is putting pressure on China to lead the way in fixing global economic imbalances — and the world is watching to see if they’ll follow through. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/ecae62421080c23b