China has responded to the Group of Seven (G-7) nations’ criticism of its trade practices, accusing them of exaggerating the issue of overcapacity. What Happened: The G-7 finance ministers and central bankers claimed on Saturday that China’s non-market policies harm global economies, Bloomberg reported on Monday. During a regular press briefing in Beijing on Monday, Chinese Foreign Ministry spokeswoman Mao Ning dismissed these allegations. She stated, “The G-7 hypes up the so-called overcapacity of China and attempts to set obstacles and limitations to China’s progress.” Mao further described …
