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China Rejects G20 Criticism of Export-Driven Growth Model

China

China formally rejected G20 pressure regarding its reliance on export-driven growth. Beijing characterized the criticism as an attempt to promote protectionism. The dispute highlights ongoing friction between China and major economies over trade imbalances. Beijing also challenged U.S. sanctions on Iran and European trade measures, signaling a broader pushback against Western economic policies. Monitor for potential retaliatory trade measures or shifts in G20 diplomatic consensus.

Source: CNBC Markets

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