# China under pressure over trade at G20 finance meetings — retained record

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source: [news](https://highsignal.app/data/news) (news:semafor)  published 2026-09-04 10:34 ingested 2026-09-05 02:57

[original source ↗](https://www.semafor.com/article/09/04/2026/china-under-pressure-over-trade-at-g20-finance-meetings)

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This week’s meeting of G20 finance ministers underscored rising global trade tensions, with several countries, including the US, lashing out at China.
Exports from the world’s second-largest economy have surged in recent months — the country registered a record $1.2 trillion surplus last year — driven partly by plummeting domestic consumption in China. That has led exporters to slash prices, flooding global markets with Chinese goods so cheap that local producers can’t compete: EU envoys were in Beijing this week to discuss “untenable” trade imbalances.
Beijing has rejected the accusations, straining ties ahead of a summit this month between the American and Chinese leaders. When it comes to China, “everyone’s feelings have crossed a threshold,” Japan’s finance minister said.
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document fetched 2026-09-05 02:57 · canonical https://semafor.com/article/09/04/2026/china-under-pressure-over-trade-at-g20-finance-meetings