G7 Criticizes China's Overproduction, Citing Global Economic Risks

Western nations unite against China's industrial overcapacity, warning of threats to domestic industries and global market stability.

Finance ministers from the G7 have issued a direct rebuke to China over its industrial overproduction.
France's Finance Minister Bruno Le Maire emphasized the global threat posed by cheap Chinese exports.
The US has reimposed tariffs on Chinese imports, including electric vehicle batteries and semiconductor chips.
The EU is investigating Chinese electric vehicle subsidies, potentially leading to tariffs.
China's industrial profits rose in April, but domestic demand remains weak and external demand complex.