G-20 Finance Ministers wrap up Japan gathering with unease

World Today

Finance ministers from across the world expressed worries that an ongoing trade war between the United States and China could harm world economic growth.

CGTN’s Toby Muse reports.

The G-20 meeting of finance ministers and central bank chiefs wrapped up Sunday in the Japanese city of Fukuoka.

“The bad news is that it is unclear how the U.S. and China trade talks will end and unless it is resolved, there is a concern that market confidence could be affected further, this is an issue,” Japanese Finance Minister Taro Aso said.

The official joint communique, however, stopped short of calling for a resolution to the U.S.-China dispute, the finance leaders instead noting the risks from trade and geopolitical tensions are, “intensifying.”

At the same time, they said that they hoped global growth would pick up later this year and would continue in to 2020.

China’s central bank governor Yi Gang met with U.S. Treasury Secretary Steven Mnuchin on the sidelines. It was the first meeting between senior officials of the two countries since trade negotiations stumbled last month. Mnuchin called the talks “candid.”

The leaders of China and the U.S. – Presidents Xi Jinping and Donald Trump are due to meet at the end of June at a summit of G20 leaders in Osaka where they are expected to discuss again the ongoing trade war.