China Urges Global Cooperation Amid Weak Economic Growth at G20 Meeting

China’s Finance Minister Lan Foan warned that the global economy faces weakening growth momentum, worsened by ongoing tariff and trade disputes. Speaking at a G20 finance ministers' meeting in Washington, Lan emphasized the need for stronger multilateral cooperation to bolster global economic and financial stability.

Lan stated that China supports resolving trade and tariff conflicts through equal-footed dialogue and consultation, aiming to ease rising tensions that threaten international markets. He called for improvements in the global financial system, stressing collaborative reforms among G20 members.

Highlighting the importance of debt sustainability, Lan urged more effective implementation of the Common Framework’s debt treatment mechanism. He also advocated for increased investment in Africa’s development and efforts to enhance the continent’s capacity-building.

During the summit, Lan engaged in bilateral meetings with representatives from South Africa, the European Commission, Pakistan, Germany, South Korea, Indonesia, Britain, Japan, and the World Bank. Discussions centered around macroeconomic trends, fiscal policy priorities within the G20, and expanding bilateral cooperation.

Lan’s remarks come amid heightened global uncertainty driven by inflation risks, geopolitical tensions, and financial fragmentation. His message aligns with China’s broader stance of promoting stability through dialogue, inclusive development, and institutional reform.

By spotlighting shared responsibility and urging inclusive growth efforts, China seeks to position itself as a stabilizing force in a fragile global economic environment.