G7 to concur tools to counter Chinese financial ‘coercion’

G7 to concur tools to counter Chinese financial ‘coercion’

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released : 20 May 2023 at 11: 01 Signage at the media center for the Group of Seven (G-7) leaders top in Hiroshima, Japan, on Friday, May 19,2023 (Photo: Bloomberg) The Group of Seven (G7) will concur Saturday on a “common set of tools” to fight financial “coercion” and limitation the danger that modern exports to China weaken nationwide security, a leading United States authorities stated. US National Security Advisor Jake Sullivan informed pressreporters at the G7 top in Hiroshima that the procedures will focus on more resistant supply chains for G7 nations, which presently rely greatly on China in some sectors. The arrangement will likewise consistof “steps to safeguard delicate innovation, like export controls and outgoing financialinvestment steps”, Sullivan included
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