G7 grapples with China, debt, and sanctions evasion at talks in Japan.

Finance leaders of the G7 advanced economies discussed the need to make global supply chains more resilient by reducing over-reliance on China, but are not on the same page in terms of how far they should go in countering China. While the US is pushing for targeted controls on investment to China, Germany and Japan are lukewarm on the idea given the impact on their economies. The G7 finance leaders also discussed the global financial system's health and measures to avert another digital bank run.