G7 wants to speak out about China's 'economic coercion'?

Ministers and economic and financial officials from G7 countries pose for a photo at a conference in Japan on May 12.

Reuters on May 13 quoted a US official as saying that G7 leaders plan to discuss concerns about China's "economic coercion" in dealings with other countries.

This is expected to be one of the contents of the joint statement issued after the summit from May 19-21 in Hiroshima (Japan). In addition, there will be a proposal on how the seven economies can jointly deal with "economic coercion" from any country.

The G7 includes Britain, Canada, Germany, the United States, Japan, France and Italy.

The G7's main communique is expected to include "a specific section on China" with a list of concerns including "economic coercion and other behavior that we have seen specifically" from the country, the official said.

An economic security communique will include additional tools to counter “any attempt at economic coercion by any country responsible,” including planning and coordination. Both communiques are expected to go deeper than previous G7 communiques.

Beijing has not commented on the report. Last month, China said a statement by G7 foreign ministers that touched on similar topics was “full of arrogance and bias against China” and lodged a complaint with Japan, the current G7 chair.

Under former US President Donald Trump, G7 statements often made only cursory mentions of China. The Biden administration has pushed for more direct statements.

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The joint statement issued by all G7 leaders each year is intended to show that members are united on a range of political and economic issues. G7 members are expected to offer the prospect of further cooperation with China in areas such as climate.

“We do not support decoupling the US and Chinese economies, we support de-risking and we support diversification. That principle is very consistent,” the US official said.

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