Wednesday, March 21, 2018
China facing tough battle in G20 meeting
ANBOUND
The market had expected this year's G20 meeting to focus on criticism of the U.S. trade protection, but tracking studies have found that there are signs that the E.U. is leaning towards the U.S., at the expense of China. A document circulated in various E.U. countries stated that the E.U. industries are paying the price for a problem that they did not create nor contribute to. The main price pressure in the U.S. market stems from excess capacity caused by China's non-market behavior. It seems that China will face a tough battle at this G20 meeting.