G20 Leaders Meet in Bali as Global Economy Faces Multiple Threats

The Chinese description of the meeting suggested that those policies, and others meant to redirect American supply chains away from China, “completely violate the principles of market economy and undermine the rules of international trade.”

The American description said Mr. Xi and Mr. Biden had agreed to empower senior leaders to negotiate on debt relief and several other issues, a possible sign of progress.

Still, American negotiators have sought to work around China and Russia on economic issues ahead of the gathering, leaning on help from Britain, Germany and India, among other nations, on efforts like the oil price cap. The approach jeopardizes the traditional consensus-based efforts of the Group of 20, which was meant to bring a wide range of countries together to solve global problems.

In previous gatherings of Group of 20 officials this year, the usual joint statement, or “communiqué,”…

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