BIG: China was the sole holdout at the G20 Finance Ministers meeting, blocking consensus on Strait of Hormuz free navigation language, reportedly because it could set a precedent for the Taiwan Strait

INTELLIGENCE SUMMARY

BIG: China was the sole holdout at the G20 Finance Ministers meeting, blocking consensus on Strait of Hormuz free navigation language, reportedly because it could set a precedent for the Taiwan Strait and South China Sea. China also rejected language targeting its export model and trade surpluses. Result: 19-1.