The leaders of the Group of Seven (G7) rich democracies this weekend pledged to 'de-risk' without 'decoupling' from China, an approach that reflected European and Japanese concerns about pushing Beijing too hard, officials and experts said.
Ukrainian President Volodymyr Zelenskiy, U.S.
U.S. President Joe Biden and other G7 leaders wrapped up a three-day summit in the Japanese city of Hiroshima on Sunday where they took aim at China over "economic coercion" and said they would reduce exposure to the world's second-largest economy in everything from chips to minerals. But the language of the G7 communique was tempered by pragmatism, with the leaders noting they did not seek to "thwart China's economic progress and development" and that each country would work in its national interest.
"At the heart of the message we wanted to get across at this G7 was the European position that China is a partner, complements us and is a systemic rival, all presented in G7 language," the official said.The G7 was also keen to use language that wouldn't alienate members of the "Global South", the non-aligned emerging countries such as India the G7 is trying to woo.
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