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TimesLiveTimesLive25/04/2025
NEUTRAL

China warns G20 global economic growth ‘insufficient’, trade tensions weaken momentum

China warns G20 global economic growth ‘insufficient’, trade tensions weaken momentum

Executive Summary

At a G20 finance ministers' meeting in Washington, China warned that global economic growth remains insufficient due to tariff and trade wars exacerbating financial instability and disrupting supply chains. Finance Minister Lan Foan called for multilateral cooperation and dialogue on equal footing to resolve disputes, while PBOC Governor Pan Gongsheng urged major economies to enhance macroeconomic policy coordination, a view echoed by other participants concerned about rising risks from trade tensions and tighter financing. The statements follow U.S. President Trump's hefty tariffs on imports, including 145% levies on China, sparking market turmoil, IMF growth forecast cuts, and ongoing bilateral frictions.