G7 singles out China over overproduction, debates Russian asset use

Finance chiefs from the Group of Seven nations on Saturday expressed concerns about China's industrial policies that have flooded global markets with overproduced products, singling out the Asian powerhouse in a rare move as U.S.-China tensions escalate.At their meeting in Italy, the G7 finance ministers and central bank governors made "progress" but stopped short of reaching an agreement on the use of proceeds from frozen Russian assets to support Ukraine's recovery. They left it up to their leaders to decide when they meet in June.Speaking at a press conference after the meeting, Japanese…READ FULL ARTICLE