The Independent focuses on pivotal issues like reproductive rights and climate change, stressing the value of quality journalism without paywalls. Recently, G7 finance ministers met to address global economic imbalances, particularly concerning China's trade practices, which were not explicitly mentioned. While there was a noted toning down of references to Russia's war in Ukraine, the G7 remains firm on the possibility of further sanctions if a ceasefire is not reached, showcasing their commitment to monitoring nonmarket policies impacting global trade.
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The G7 finance ministers and central bank governors agreed to counter global economic imbalances, a swipe at China's trade practices.
The statement did not mention China but nonmarket policies typically refer to that country's export subsidies and currency policies.
The G7 members will continue to monitor nonmarket policies and practices which contribute to imbalances in global trade.
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