G7 Finance Ministers Focus on Economic Imbalances, China’s Overcapacity

The G7 sees China’s export of overcapacity and its economic model as a systemic challenge to Western industrial security and the global order, an analyst says.

(L-R, front row) Governor of the Bank of England Andrew Bailey, U.S. Treasury Secretary Scott Bessent, Governor of the Bank of France François Villeroy de Galhau, and French Economy, Finances, and Industry Minister Roland Lescure, with other G7 finance ministers, in Paris on May 19, 2026. Kenzo Tribouillard/AFP via Getty Images

G7 finance ministers met in Paris from May 18 to 19 to address global economic issues with a focus on trade imbalances, which some ministers have attributed to China’s weak consumption, production overcapacity, and excessive exports.

Analysts told The Epoch Times that the problems are structural and hard to resolve in the short term, while global trade is veering toward bloc formation–the G7 vs. China and Russia.