G7 To Agree On “Common Set Of Tools” To Combat Chinese Economic “Coercion”

The widespread technique will emphasise the necessity to shield Western powers.

Hiroshima:

The G7 will agree Saturday on a “widespread set of instruments” to fight financial “coercion” and restrict the danger that high-tech exports to China undermine nationwide safety, a high US official stated.

Nationwide Safety Advisor Jake Sullivan advised reporters on the G7 summit in Hiroshima that the measures will give attention to extra resilient provide chains for G7 international locations, which presently rely closely on China in some sectors.

The settlement will even embrace “steps to guard delicate expertise, like export controls and outbound funding measures”, he added.

Sullivan stated that previous variations between the US and the European Union international locations on how one can cope with China have largely light.

The widespread technique will emphasise the necessity to shield Western powers whereas avoiding outright confrontation with China, he stated.

“G7 leaders will even come out in the present day with an announcement on our shared strategy, our aligned strategy relating to the Individuals’s Republic of China,” he stated.

“You will see the China language to be completely easy. It isn’t hostile or gratuitous. It’s simply direct and candid and there are key parts proper from the highest of that language that talk to the will for steady relations with China and the will to work collectively on problems with mutual curiosity,” Sullivan stated.

“It additionally spells out our considerations, however these considerations are well-known to China. So there must be nothing about it from the perspective of a shock.”

Sullivan stated “intensive” diplomacy since US President Joe Biden took workplace in January 2021 has resulted in G7 “alignment” on the difficulty.

“The final two and a half years I believe that has resulted in a convergence that we didn’t see a number of years in the past on the important thing points. However it’s not a cartoonish or one-dimensional coverage. It’s a multi-dimensional, advanced coverage for a posh relationship with a extremely essential nation,” he stated.

(Aside from the headline, this story has not been edited by NDTV employees and is printed from a syndicated feed.)