China expressed regret on Wednesday after a G20 finance leaders' meeting concluded without issuing a joint statement, citing differing perspectives on relevant issues.
The absence of consensus followed efforts by U.S. President Donald Trump’s administration to secure backing from all G20 finance leaders—excluding China—for measures targeting policies deemed ‘market-contrary’ and distortions that fuel excessive export dependence and harm growth in other economies. The U.S. reportedly obtained support from finance leaders on Tuesday, according to officials familiar with the discussions.
Guo Jiakun, spokesperson for China’s Ministry of Foreign Affairs, emphasized during a daily press briefing that G20 processes should adhere to principles of consensus, equal participation, objectivity, and fairness. The meeting’s failure to produce a joint statement underscores the challenges in aligning policy stances among major economies amid ongoing trade and economic policy debates.
The development comes as global economic policymakers navigate tensions over trade imbalances, industrial subsidies, and the impact of national economic strategies on international markets. The G20, representing the world’s largest economies, has historically served as a forum for coordinated policy responses to shared challenges, though recent meetings have highlighted divisions over approaches to economic governance.
