China Defends Free Trade to G7 as 7-Nation Bloc Questions Global Imbalances
Updated
Updated · Bloomberg · Jun 13
China Defends Free Trade to G7 as 7-Nation Bloc Questions Global Imbalances
3 articles · Updated · Bloomberg · Jun 13
Summary
Chinese Vice Premier Zhang Guoqing used a Thursday video call with G7 countries to argue that free trade and openness benefit all economies.
Zhang said countries should uphold cooperation, view comparative advantages objectively, foster a more facilitative trading environment and practice what he called true multilateralism.
The appeal came as Beijing faces mounting scrutiny over its role in widening global economic imbalances, putting China on the defensive in talks with the 7-nation bloc.
Emmanuel Macron had called for the discussion, underscoring how trade frictions and concerns over China’s economic model are moving higher on the G7 agenda.