The G7 countries plan to send a signal to China by declaring joint efforts against “economic pressure” at the Hiroshima summit. agency writes Bloomberg.
“Despite pre-peak disagreements, the United States and Europe are showing signs of convergence in Chinese policies,” the article says. The agency also states that it is “difficult for G7 countries to agree on anything more than a lengthy statement of intent”. “Officers are still debating how harsh their message to China should be,” Bloomberg stresses.
Sources said the proposed formula to counter “economic pressure” would allow G-7 countries to coordinate their efforts in areas such as trade and investment restrictions, boycotts and cyber attacks.
The article draws attention to the fact that the US called on other G-7 countries to take a tougher stance against Beijing at the Hiroshima meeting, but that European states will focus more on coordination and general warnings towards China. The debate reflects the dilemma faced by the US, Europe and China’s neighbors such as Japan over how to deal with China’s growing economic influence while their supply chains are so interconnected with the world’s second largest economy.
Japanese Prime Minister Fumio Kishida declarationHe said that the meeting of the leaders of the G7 member countries to be held in Hiroshima on May 19-21 should have a positive impact on the world’s process of giving up nuclear weapons.
As previously reported, the EU can enter Sanctions on Chinese companies supplying electronics to Russia. Wang Wenbin, spokesperson for the Chinese Ministry of Foreign Affairs declarationThat possible EU sanctions on Chinese companies would violate trust and cooperation between China and the EU.