The four-day summit of the G20 finance ministers in Asheville, N.C. closed on a tense note due to China's repudiation of assertions that its export strategy deluges other markets in low-value goods.

By Philip Blenkinsop and David Lawder ASHEVILLE, North Carolina, Sept 1 (Reuters) - The Trump administration won backing from all G20 financial leaders except China's on Tuesday to act against "non-market" policies and distortions that cause over-reliance on exports and hinder growth elsewhere.

G20 China dissent left finance ministers endorsing AI investment while deferring the FSB’s frontier AI cyber governance framework to a nonbinding October paper. Bessent publicly named China as the sole holdout on trade surplus language,

All G20 nations endorsed the non-binding Carolina Principles, a US-proposed framework favoring light-touch AI regulation over dedicated oversight

By Philip Blenkinsop and David Lawder ASHEVILLE, North Carolina, Sept 1 (Reuters) - The Trump administration was pushing on Tuesday for G20 countries to agree ways to reduce global trade and fiscal imbalances as another bond market sell-off revives worries about growing debt levels and renewed inflation pressures.

G20 trade tensions with China deepen: Treasury Secretary Scott Bessent said 19 of the G20 members agreed on the need to address cheap exports that contribute to global trade imbalances, with China opposing the approach.

Beijing rejects language on ‘non-market’ policies, exposing fresh divisions just weeks before Xi Jinping’s Washington summit

China deeply regrets that the G20 Finance Ministers and Central Bank Governors meeting concluded without a communiqué, Guo Jiakun, spokesperson from China’s Foreign Ministry said on Wednesday, noting that since the US assumed the G20 presidency for 2026,