September 2nd, Foreign Minister spokesperson Guo Jiakun presided over the regular press conference.
Reporters asked: It is understood that at the second G20 Finance Ministers and Central Bank Governors' Meeting held from August 31 to September 1, due to China's differing views on global imbalances, no communiqué was issued. What is China's comment on this?
Guo Jiaqun stated that China is an important member of the G20, and places great importance on the G20's role as the main forum for international economic cooperation. Since the United States took over as the chair of the G20 in 2026, China has actively and constructively participated in discussions on various issues, including financial and monetary matters, to help achieve practical results for the G20.
Guo Jia-kun said that we noticed that various parties had different opinions on relevant issues during the just held G20 Finance Ministers and Central Bank Governors Meeting. The Chinese side expresses deep regret that no communiqué was issued at the meeting.
Guo Jiaqun pointed out that the G20, as the main platform for international economic cooperation, should coordinate important global economic issues in an objective, fair, and balanced manner, based on the principles of consensus and equal participation. China hopes that the United States, as the chair country, and all members will adhere to these principles, fully respect the legitimate concerns of all parties, and achieve positive results at the 2026 Miami summit.
Guo Jiaqun said that China is willing to work with the United States to implement the important agreements reached at the meeting between the two heads of state. Together with other members, they will promote the G20 to play an active role in deepening macroeconomic policy coordination, improving global economic governance, and promoting world economic growth.
According to Reuters, Erin Brown, the US Treasury Department's Undersecretary for International Affairs, stated on September 1 that due to ongoing differences in wording among parties, it is possible that the G20 joint statement reflecting the US priorities in reducing global imbalances and sovereign debt restructuring may not be achieved.
We have been working hard on drafting a statement, but we hope to ensure it reflects American interests and priorities such as “America First”. If we are still unable to reach an agreement, we also accept it. Brown added that the backup option is to issue a chairman summary statement.
Brown acknowledged that there were differences among parties regarding how to describe the so-called global imbalances, but refused to disclose China's specific position during the negotiation of the communique. He only said that many G20 countries agreed on the importance of reducing imbalances.
As the G20 Finance Ministers’ Meeting takes place, the Trump administration continues to blame China for “impacting imports,” and is stirring up other G20 members to adopt trade measures against China.
US Treasury Secretary Bernanke recently stated that the world cannot allow China to have a trade surplus of $1.2 trillion. The G20 should re-examine its trade agreements with China.
In response to this, Guo Jiaqun stated at the Foreign Ministry’s regular press conference on August 31 that the essence of Sino-US economic and trade relations is mutual benefit and win-win results. China never deliberately pursues a trade surplus, and opposes all forms of unilateral tariff measures. We adhere to a high level of opening up, and use China’s large market to provide new opportunities for all parties, including the United States.
"China and the United States should jointly implement the important consensus reached by the two heads of state. They should resolve relevant issues on an equal, respectful, and mutually beneficial basis, and maintain the hard-won positive momentum in the current economic and trade fields."
