ASHEVILLE, N.C.—U.S. Treasury Secretary Scott Bessent said Tuesday that all G20 members approved the joint summit statement, except China.
The disagreement centered mainly on language about sovereign debt restructuring and reducing global imbalances.
Speaking at a press conference after the G20 summit for finance ministers and central bank governors, Bessent said he had hoped to announce a unanimous summit communiqué reflecting “the outcome of the great work we’ve done together.”
“All but one member of the G20 was able to reach consensus,“ he said.
When asked to identify the country, Bessent said: “Well, it is clear that the country with the world’s largest and unsustainable current account surplus, People’s Republic of China, was the dissenter.”…