A communiqué issued at the Group of Seven (G-7) summit in Hiroshima, Japan, says G-7 members are seeking to “de-risk” rather than “decouple” from China on economic issues.
China experts say the statement encompasses a three-pronged approach that will make it difficult for China to upgrade its industries.
Following the summit, China called on the G-7 to deliver on their commitment not to decouple, a Ministry of Commerce spokeswoman said Thursday. She expressed hope that they will not abuse trade and investment restrictions. China’s state mouthpiece Global Times slammed the summit as an “anti-China workshop” in an editorial earlier this week….