HIROSHIMA, Japan: As a part of their bigger joint assertion scheduled for launch subsequent week at a summit in Hiroshima, Japan, leaders of the Group of Seven nations are anticipated to specific concern about China’s use of “economic coercion” in its international dealings.
The G7 leaders are additionally anticipated to launch a broader written proposal on how their economies can work collectively to counter “economic coercion” from any nation, which is able to embody a piece particular to China” that will mention “financial coercion and different habits that we now have seen, particularly from Beijing.”
A separate “financial safety assertion will converse extra to instruments” used to counter coercive efforts from any countries responsible, including planning and coordination.
The statements are expected to be more critical than prior statements by the G7, which includes the US, Canada, France, Germany, Italy and the UK, which have close economic relations to China, the world’s largest exporter and a key market for many companies from G7 countries.
In April, China called a similar statement by G7 foreign ministers “filled with vanity and prejudice towards China” and lodged complaints with Japan, this yr’s G7 host.
During the summit, G7 members are additionally prone to maintain out the prospect of additional cooperation with China in different areas, corresponding to local weather.
Before the declarations are launched through the summit, negotiations over the exact language of the leaders’ joint declarations are nonetheless topic to additional discussions and changes.