After G7 leaders took a stand against China’s economic coercion, Beijing hit back by accusing them of lodging trumped-up charges. Which side is correct? What is economic coercion, and what concerns does it raise?
To claim China [is] engaging in the so-called 'economic coercion' is no more than lodging trumped-up charges, and the accusation is totally untenable.Officials from developed democracies are becoming increasingly vocal about Beijing’s use of trade barriers in political disputes.
“The world has encountered a disturbing rise in incidents of economic coercion that seek to exploit economic vulnerabilities and dependencies ... With a view to enabling sustainable economic relations with China, and strengthening the international trading system … we will foster resilience to economic coercion,” the G7 leaders said inChina’s state-run Global Times newspaper slammed the statement, saying China does not engage in such activities.
FILE - A general view of the second China-CEEC Expo, a consumer goods fair that concluded in Ningbo, in China's Zhejiang province, on June 11, 2021. released this past February that coercive actions have become “a key part of the PRC’s toolkit” as it takes a more assertive position in international disputes and seeks to reshape the global order in its favor.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Chinese diaspora caught in crossfire amid Ottawa-Beijing tensionsChinese diaspora has been caught in the crossfire of Ottawa’s row with Beijing over its alleged meddling in Canada’s affairs — facing both intimidation from Chinese operatives and rising stigmatisation
Read more »
Americans fear economic fallout of default even if they're tuning out'It is the bad taste in people's mouths from spiking gas prices ... that's affecting Biden's approval rating,' an economist told Newsweek.
Read more »
Report from Federal Reserve shows economic well-being tankingThe Federal Reserve issued a review of the nation's financial situation on Monday. The detailed 84-page report titled 'Economic Well-Being of U.S. Households in 2022' tracks income, expenses, employment and other pocketbook considerations.
Read more »
2-year Treasury yield rises as investors assess U.S. economic outlookU.S. Treasury yields were mixed Tuesday as investors pondered the economic outlook amid debt ceiling negotiations and uncertainty about interest rate policy.
Read more »
Debt ceiling: More pressure on Biden to use 14th Amendment as economic catastrophe loomsPresident Biden and House Speaker Kevin McCarthy said Monday that they have made progress in negotiations on the debt ceiling — but remain far apart on some aspects of a deal as the country closes in on a catastrophic default.
Read more »
States weigh new Chinese investments carefully, but few shut doorsStates leaders are mindful of how politically toxic engagement with Beijing has become.
Read more »