Scott Bessent urges G20 to push China to curb exports, boost domestic demand

US Treasury Secretary Scott Bessent will urge G20 members to re-examine trade terms with China. He aims to shrink global imbalances and press Beijing to rebalance its economy. The current flood of exports from China is deemed unsustainable by the US official. Bessent believes other countries must incentivize China to shift away from exports. A G20 joint statement on reducing trade imbalances is being pushed by the US.