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Rifts were already opening up in the G20 as China hit out at Britain and the
Rifts were already opening up in the G20 as China hit out at Britain and the
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2024-08-05
24
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Rifts were already opening up in the G20 as China hit out at Britain and the US for demanding that China boost its imports of foreign goods. A senior official from the People’s Republic said it was not appropriate in a "market economy" for a minister to call for a foreign nation to buy more of its products. Speaking at a briefing to reporters, Yu Jianhua of the Ministry of Commerce also described his country as "the biggest victim of protectionism" by other countries.
" China has all along been making tremendous efforts to maintain a basic balance between exports and imports," he said. His remarks, made ahead of yesterday’s summit meeting, underlined the yawning divisions that: remain between world leaders despite pledges of a "global compact" in Pittsburgh.
Western powers like the UK and the US want China to bolster its domestic demand and increase imports as part of a "rebalancing" of the world economy. They warn American consumers can no longer remain the primary engines of global demand as they bolster savings and repay debts.
Leaders have agreed to boost the status of the G20 and increase the International Monetary Fund representation of China, India and other developing countries as part of the shift to more sustainable patterns of global growth. However, achieving a consensus on a way forward will be extremely difficult—not least because global bodies will still have no ability to dictate economic policy to members.
Chancellor Alistair Darling said yesterday; "This does not mean we are in a new world order where we have a G2Q that tells everyone what to do. It is up to each country to decide what is best for them.
On financial reform, yesterday’ s G20 deal will see restrictions on bonus payments and requirements forcing banks to hold more capital. Watchdogs will be able to limit payouts to a maximum share of a bank’ s revenue if it is necessary to strengthen the firm’ s finances. This stops far short of what French president Nicolas Sarkozy and other European leaders were seeking—a set monetary limit.
Speaking during Saturday’s meetings, Mr Brown, the British prime minister, said; "The whole world community across the board is united in wanting to bring in rules and standards which will stamp out the bad practices of the past. [br] At a briefing to reporters, Yu Jianhua said that China is affected most by__.
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答案
protectionism
解析
(第一段最后一句话中的引言表明:中国是各国protectionism“贸易保护主义”的最大受害者。)
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