FOCUS: G-20 hails cooperation, but ease in U.S.-China tensions not in sight

Politics Economy

Multilateralism came into play as the finance chiefs of the Group of 20 major economies joined hands on Saturday to back once-in-a-century international tax rule changes, but the move did not signal any better relations between the two key members of the forum -- the United States and China. Some U.S. experts on China expect no breakthrough anytime soon in the strained ties between the world's two largest economies, while other analysts warn that Japan, a U.S. security ally with close trade ties with China, should accelerate efforts to hedge against potential economic risks stemming from what ...

Kyodo News

Kyodo News