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China's trade surplus sparks G20 Tensions
China's large trade surplus caused a crisis within the G20, as the United States accused Beijing of blocking the issuance of a joint statement on global economic imbalances. China recorded a historic trade surplus of $1.2 trillion in 2025, an increase of 20% over the previous year, while the United States was experiencing a deficit of about $200 billion. The G20 statement called for addressing imbalances that lead to excessive dependence on exports, but China objected to parts related to defining its responsibilities. China also raised issues such as controlling the debts of developing countries and sensitive exports like minerals and energy, reflecting escalating economic disagreements among the parties.
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