G7 leaders take unified stance against China's economic influence.

1 min read
Source: CNBC
G7 leaders take unified stance against China's economic influence.
Photo: CNBC
TL;DR

The G-7 leaders agreed on the need to de-risk, not decouple from China, and acknowledged challenges posed by the mainland's practices which "distort the global economy." The group will seek to address the challenges posed by China's non-market policies and practices, which distort the global economy, and counter malign practices, such as illegitimate technology transfer or data disclosure. The leaders emphasized the need to cooperate with China, citing its role in the international community and the size of its economy, while reducing excessive dependencies in critical supply chains and protecting certain advanced technologies critical for national security.

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