mandag 22. mai 2023

G7 takes stand against China’s “economic coercion”

As the G7 leaders sent a strong message to Russia by inviting Volodymyr Zelensky to Hiroshima, another rival was also on their minds - China. British Prime Minister Rishi Sunak said China posed "the greatest challenge of our age" in regards to global security and prosperity, and that it was "increasingly authoritarian at home and abroad".

And in not one but two statements, the leaders of the world's richest democracies made clear to Beijing their stance on divisive issues such as the Indo-Pacific and Taiwan. But the most important part of their message centred on what they called "economic coercion". It's a tricky balancing act for the G7. Through trade their economies have become inextricably dependent on China, but competition with Beijing has increased and they disagree on many issues including human rights. Now, they worry they are being held hostage.

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