China hit back at the Group of Seven nations over their criticism of Beijing’s global trade practices, accusing members of exaggerating the threat of overcapacity posed by the world’s second-largest economy. The club of rich-world finance ministers and central bankers accused China in a communique on Saturday of hurting the economies of its trade partners through its “comprehensive use of non-market policies and practices,” adding that members would continue to monitor the “negative impacts of overcapacity.” Chinese Foreign Ministry spokeswoman Mao Ning dismissed such claims during a regular press briefing in Beijing ... (full story)