China's Finance Minister Challenges US Overcapacity Assertions at G20 Summit
Saturday, 27 July 2024, 08:24
China's Response to US Overcapacity Claims
During the G20 summit, China's Finance Vice-Minister Liao Min made a significant statement regarding the allegations of overcapacity directed at the country by the United States. He highlighted the necessity for open discussions among global economic leaders, grounded in true facts and relevant market economy rules.
The Need for Candid Exchanges
- Liao Min emphasized honesty in dialogues.
- He called upon major economies to respect market economy standards.
- The minister highlighted the aim of fostering cooperation amidst competition.
This advocacy for transparent communication is crucial for navigating global economic challenges and ensuring all parties share a mutual understanding of market dynamics.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.