Beijing: China on Wednesday called on the United States and other G20 nations to embrace the principle of 'equal consultation' after a meeting of the group's finance ministers and central bank governors concluded without reaching a consensus, a situation which led to 'deep regret' over the absence of a joint communiqu©.
According to Anadolu Agency, Foreign Ministry spokesperson Guo Jiakun conveyed China's active and constructive engagement in discussions across all G20 tracks since the US took over the group's rotating presidency for 2026. Guo emphasized the importance of fostering practical outcomes, speaking to reporters in Beijing and citing the state-run Global Times. He stressed that as a major platform for international economic cooperation, the G20 should coordinate major global economic issues in an objective, fair, and balanced manner, promoting consultations and equal participation.
Guo further expressed hope for the US, as the current presidency holder, to respect the legitimate concerns of all members and strive for positive results at the upcoming G20 Leaders' Summit in Miami. The recent meeting was hosted by the US in Asheville, North Carolina, as part of its role as chair of the group of the world's 20 largest economies.
According to the US Treasury, China's objections focused on several points within the statement issued by the G20 chair, the US, on Tuesday following the conclusion of the two-day meeting. The statement acknowledged the global economy's resilience amidst multiple shocks, including ongoing wars and conflicts, and called for countries to take action to eliminate non-market policies and practices that worsen economic imbalances. However, Beijing reportedly disagreed with the terms 'imbalances' and 'non-market policies,' as reported by the UK-based Financial Times.
US President Donald Trump characterized the Asheville meeting as featuring 'very productive and positive conversations.' Notably, Russian Finance Minister Anton Siluanov attended the meeting, marking his first participation since Russia's 'special military operation' against Ukraine began in 2022.