Hard to get global economy on track unless US abandons unruly behavior

THE G20 FINANCIAL MINISTERS met on the weekend in Japan to discuss ways to bring the global economy back on track. China Daily writer Xin Zhiming comments:

The discussions highlighted global concerns about the damage the China-US trade war is inflicting on the global economy.

The G20 mechanism was established in 1999 to ensure the major economies of the world can come together and cooperate so as to cope with global challenges. And during their discussions on the weekend, the G20 central bank governors and other financial regulators sought to forge a consensus on some important issues to be endorsed by national leaders who are scheduled to meet at the G20 Summit in Osaka later this month.