{"text":[[{"start":7.92,"text":"China has warned that US accusations that Beijing scuppered a joint G20 finance ministers’ communiqué this week threaten to sour relations ahead of a series of high-profile summits."}],[{"start":18.559,"text":"US Treasury secretary Scott Bessent’s statement that Beijing refused to sign the communiqué because the document called for eliminating “non-market policies” undermined “the broader multilateral agenda this year”, said a Chinese state media outlet."}],[{"start":32.8,"text":"The spat comes just weeks before Donald Trump is expected to receive his Chinese counterpart Xi Jinping in Washington for a state visit in late September, following the US president’s May trip to Beijing."}],[{"start":45.1,"text":"The US is also due to host world leaders for the G20 summit in December. China will stage the Asia-Pacific Economic Cooperation Forum leaders’ meeting in Shenzhen in November."}],[{"start":56.101,"text":"“China-US relations are at a critical stage,” said Yuyuan Tantian, a social media account affiliated with China’s state broadcaster CCTV, late on Thursday. “By playing this sort of petty trick at the G20 meeting, the United States has damaged both the G20’s credibility and the atmosphere for China-US co-operation.”"}],[{"start":75.705,"text":"US officials said the G20 members including Japan, France, the UK, the EU, India and Russia had agreed in North Carolina on Tuesday on the need for “steps to eliminate non-market policies and practices that exacerbate imbalances”."}],[{"start":90.4,"text":"But China objected to the phrase “non-market policies”, according to US and European officials, and resisted calls for the IMF and the OECD to improve data needed to analyse the issue."}],[{"start":101.64,"text":"Developed countries accuse Beijing of industrial overcapacity and running huge trade surpluses to fuel economic growth instead of stimulating domestic demand, in a strategy aimed at dominating global manufacturing."}],[{"start":114.16,"text":"China’s trade surplus with the EU grew to €360bn in 2025, according to the bloc’s data. The US has launched a tariff war aimed at reducing imports from China and other countries."}],[{"start":125.96,"text":"But Yuyuan Tantian said China objected to the use of the wording “non-market”, which the account added had not been unanimously defined by the G20. It said the term resembled language from a US Section 301 trade investigation in 2018 that resulted in tariffs against China."}],[{"start":145.28,"text":"The account said the proposed joint communiqué, which was instead released as a chair statement supported by every G20 member except China, also brushed over US culpability in problems in the global economy, such as damage to the multilateral trading system caused by American tariffs and high energy prices following the Iran war."}],[{"start":165.86,"text":"“During the meeting, even US allies pointed out to the US — to its face — that the tariffs it was promoting were harming everyone,” it said. Yuyuan Tantian added that China believed this was the most important driver behind the global economic situation this year."}],[{"start":181.24,"text":"On energy and inflation, America’s refusal to take responsibility was “like an arsonist standing at the scene of a fire selling firefighting supplies”."}],[{"start":190.68,"text":"It also criticised the US for “singling out and ‘naming’ another member at a multilateral international meeting held on one’s own home ground”, which it said was highly unusual."}],[{"start":200.78,"text":"“As host, the United States’ job should have been to bridge differences and preserve a constructive atmosphere,” the account wrote. “By acting this way, wasn’t it simply slapping itself in the face and announcing to the entire world, ‘I failed to run this meeting properly’?”"}],[{"start":221.74,"text":""}]],"url":"https://audio.ftcn.net.cn/album/a_1788756360_3207.mp3"}