Overview

• 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.