G7 Leaders to Address Concerns About China’s Economic Coercion

The G7 members plan to issue a separate economic security statement to address the tools used to counter coercive efforts from any responsible country.

US President, Joe Biden, has placed significant attention on China as a crucial element of his foreign policy.

China recently referred to a statement by the G7 foreign ministers, which addressed similar issues, as “replete with arrogance and prejudice against China.

The upcoming G7 summit presents a challenging test of the participating nations’ ability to forge a consensus on China, the world’s second-largest economy.

The G7 finance convocation held in Japan was cast into the shadows due to the lack of advancement in the settlement of the US debt ceiling impasse.