China Blocks G20 Joint Communique
The G20 failed to adopt a joint communique after China blocked consensus, with U.S. Treasury Secretary Scott Bessent stating that China was the only member opposing the document's criticism of non-market economies and their export practices.
Consensus
- China was the only G20 member that did not support the joint communique following the meeting of finance ministers and central bank governors.
- The meeting took place in Asheville, North Carolina.
- U.S. Treasury Secretary Scott Bessent stated he had hoped for a unanimous communique.
- The communique included criticism of non-market economies generating unsustainable export surpluses.
- The G20 meeting preceded the upcoming summit in Miami on December 14–15.
- Russia's finance minister, Anton Siluanov, attended the meeting, which drew criticism from European ministers.
Points of divergence
- The U.S. Treasury stated that China objected to the clause calling on countries to take steps to eliminate non-market measures exacerbating imbalances. — vedomosti
- China also opposed clauses expressing concern over shipping disruptions in the Strait of Hormuz and support for IMF monitoring of imbalances. — kommersant
- China is willing to cooperate with the U.S. on military issues but opposes arms sales to Taiwan, according to the Chinese embassy press secretary. — vm
- U.S. and Taiwan forces conducted secret military exercises, with Taiwan's defense minister stating cooperation with Washington is closer than it appears. — vm
- The U.S. is conducting closed consultations with Russia and China on sanctions compliance related to economic pressure on Iran. — vesti
Coverage (4 sources)
- Bessent: China blocked communique following G20 meeting — Ведомости
- Bessent: China became the only G20 country blocking joint communique — Вечерняя Москва
- G20 countries failed to agree on a joint communique due to China — Коммерсантъ
- Bessent stated that China blocked the joint G20 communique — Вести