People familiar with the matter said that although the details have not been reached, the Seventh Kingdom Group (G7) plans to issue a statement this month to jointly respond to "economic stress" from China.
According to Bloomberg News on Thursday (May 11), although the G7 member states want to better coordinate the response to China's economic field, it will be more complicated to sign practical measures.People familiar with the matter revealed that officials are still discussing the toughness of passing information to China and the specific tools that may be adopted.
People familiar with the matter said that the United States will advocate other G7 countries to adopt a tougher position on Beijing at the leader summit held in Hiroshima, Japan next week (May 19th to 21st).It is more inclined to strengthen coordination and propose general warnings.Leaders of various countries are expected to discuss private discussions on Chinese issues, especially separate documents related to economic security during the Hiroshima Summit.
People familiar with the matter also said that the "economic coercion platform" expected to discuss the G7 will allow the G7 to coordinate their respective actions in response to trade and investment restrictions, resistance, and online attacks.However, they also said that such a mechanism is unlikely to include an automatic response to hostile economic actions, and said that European member states are particularly opposed to reservations.
On the other hand, in response to reports about G7 that will require China to abide by international rules, when Chinese Ministry of Foreign Affairs spokesman Wang Wenbin responded to relevant questions at a routine press conference on Thursday, the international rules that G7 said was "The "small circle" rules dominated by the United States "and G7 do not serve the common interests of the international community.
