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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.
By Felix Lee
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.
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