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Confronting China
and the United States in the debate over global imbalances and
currencies will not provide a solution, South Africa’s finance
minister, Pravin Gordhan, said on Thursday.

In a written
response to questions in parliament about a G20 meeting of finance
ministers last month, Mr. Gordhan said South Africa had called for
rebalancing the global economy by addressing monetary policy challenges.

“South Africa as a small, open economy, and faced with the problem
of a rapidly appreciating currency, called for a multilateral and
inclusive solution to the issues raised,” Mr. Gordhan said, reiterating
calls for the currency issues to be solved before escalating into a
trade war.