G7

All news and posts of our editorial team on the topic

Sunak warns against ‘blanket’ protectionism
British Prime Minister Rishi Sunak has warned G7 countries against descending into “blanket” protectionism against China. The UK is taking a more “targeted and specific” approach in those areas where China poses the greatest threat to its economic security, Sunak said Tuesday at the London Defence Conference. There are a “limited number of very sensitive […] continue reading →
Hostility from summit to summit
The globalized world continues to drift apart. While Xi let himself be hailed by Central Asian Silk Road partners, the G7 opted for a more robust defense against China. continue reading →
BRICS seek consensus, G7 grits its teeth
A review of the final declarations of both summits shows: The G7 believe they can define and enforce the rules for coexistence on the planet. The BRICS, consisting of the five largest emerging economies, on the other hand, are opting for conciliatory notes. The BRICS' commitment is also well received by many other countries. continue reading →
How to engage with China
Contrary to the prevailing narrative in the West, cooperation with China has been the rule rather than the exception for decades, according to Paola Subbachi, professor of international economics at the Queen Mary Global Policy Institute at the University of London. However, should G7 leaders decide to make "core values" the basis of international cooperation, this could well change. continue reading →
Ukraine crisis: The West increases pressure on Beijing
The Western allies keep up the pressure on China at the marathon summit in Brussels: NATO, the G7 and the EU. Beijing is expected to distance itself from Russia – and not provide Moscow with material aid under any circumstances, they say in unison. As usual, Beijing deflects. Only one diplomat hints that relations with Russia could also have their limits. continue reading →
Merkel supports NATO reorientation toward China
In her government statement ahead of the EU summit in Brussels, German Chancellor Angela Merkel made several references to China. She once again explained the meaning of the reorientation of the NATO defense alliance (China.Table reported). “It is necessary to take direct account of China’s increasing importance,” she told the Bundestag on Thursday. Nato’s primary […] continue reading →
Allegations of forced labor at Silk Road construction sites
The G7 wants to establish a new global infrastructure initiative. The Western states are also focusing on human rights. This is intended to set them apart from China. Beijing's New Silk Road is all too often based on the exploitation of Chinese workers. The problem is that cheap labor is a competitive advantage for China that the G7 initiative can hardly make up for. continue reading →
USA: no exceptions to G7 minimum tax for China
The US will not give China and other countries special treatment in the G7 plans for a global minimum tax on companies. This was stated by US Treasury Secretary Janet Yellen in the middle of the week. Yellen said the United States and other countries are continuing their efforts to persuade China to back the […] continue reading →
Raw materials and technology: EU deepens cooperation with USA and Canada
In the wake of G7 meetings and Nato summit, the European Union has toughened its tone towards China even after bilateral talks and thus cooperation with the US and Canada.”We Europeans want to diversify our imports away from producers like China,” EU Commission chief Ursula von der Leyen said in Brussels on Tuesday after a […] continue reading →
Beijing accuses G7 of ‘interference’
Beijing accused the Group of Seven industrialized nations (G7) of “interference in internal affairs” after its summit meeting in England. The spokesman for the Chinese embassy in London said on Monday that the communiqué distorted facts about Xinjiang, Hong Kong, and Taiwan and denigrated China. It reveals “the sinister intentions of the US and some […] continue reading →
Australia: WTO should punish Beijing
The trade dispute between Australia and China continues to escalate. Australian Prime Minister Scott Morrison has called on the World Trade Organization (WTO) to punish the People’s Republic. China de facto stopped imports of Australian barley in May 2020 by imposing tariffs of more than 80 percent. The Chinese government accused Australia of using government […] continue reading →
Biden wants to put G7 on track against China
US President Joe Biden wants to rally Europe behind him to take joint action against China. At the G7 summit in Cornwall this weekend, the heads of government of the seven industrialized nations want to adopt a counter-program to the Bealt and Road Initiative. But the German government is hesitating. continue reading →
Report: G7 plan green alternative to BRI
The G7 countries plan to announce plans for a sustainable alternative to China’s BRI at their summit next week, according to a media report. The strategy, called the Clean Green Initiative, will provide a framework to support sustainable and climate-friendly developments in developing countries, Bloomberg reported, citing two unnamed sources. The initiative will also be […] continue reading →
EU Commission: Sanctions jeopardise Ratification of the CAI
It was already on the brink of collapse: The CAI investment agreement was supposed to symbolize greater proximity between China and Europe, but now it is becoming part of a major conflict between the trading blocs. By rejecting the agreement, Brussels is sending a signal to Beijing – and the German government, as a supporter of the agreement, is embarrassed. Meanwhile, the G7 is finding its way back to a common line in dealing with China. continue reading →
G7 and EU criticize Hong Kong decision
The G7 foreign ministers and EU foreign affairs envoy Josep Borrell have jointly strongly criticized the change in Hong Kong‘s electoral system. In a statement, the ministers and Borrell expressed grave concern about Beijing’s decision to “fundamentally undermine the democratic elements of the electoral system in Hong Kong”. The move indicates “that the authorities in […] continue reading →
G7: Britain plans D10 coalition against China
Britain, which is chairing the G7 this year, plans to hold its first virtual conference next Friday under the leadership of British Prime Minister Boris Johnson. The aim is to develop a “joint strategy on China”, as Bloomberg reports. Britain also invited Australia, South Korea and India to the G7 summit in Cornwall from June […] continue reading →