China Dissent Spoils G20 Consensus on Non-Market Export Distortions

China was the sole dissenter from a G20 statement labeling non-market policies and persistent surpluses as unsustainable. Nineteen other members plan actions in coming days to resolve the imbalances. Beijing objected to paragraphs calling for elimination of non-market practices and to notes on Strait of Hormuz disruptions, IMF surveillance, and external-debt issues. Treasury Secretary Scott Bessent urged China to work toward a solution on Iran, given shared interests and energy ties.