China expressed scepticism yesterday about a US and European push to launch an effort to tackle global economic imbalances at next week's G20 summit in Pittsburgh.
Zhou Wenzhong, China's ambassador in Washington, said: “People should not focus on only one thing, that is balancing the economy.” He said the International Monetary Fund should concentrate on doing a better job of monitoring the build-up of financial risks.
He said China – which reacted angrily to US moves to slap countervailing duties on tyre imports this week – wants the G20 to make a strong commitment to avoiding protectionism.
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