It is the objective of G7 member states is reducing the dependence of their economies on China while, at the same time, maintaining relations, as mentioned in the communique released in the summit. In it, member states also invite China to “exact pressure on Russia”, that the country ends the war in Ukraine and withdraws its forces.
“Our policy approaches are not designed to harm China, we do not seek to thwart China’s economic progress and development,” the statement mentions.
“At the same time, we recognize that economic resilience requires de-risking and diversifying. We will take steps, individually and collectively, to invest in our own economic vibrancy.
We will reduce excessive dependencies in our critical supply chains,” the communique continues.
To preserve sustainable economic relations with China and reinforce the international trade system, G7 insists on fair rules for group companies and workers in China.
“We will seek to address the challenges posed by China’s non-market policies and practices, which distort the global economy. We will counter malign practices, such as illegitimate technology transfer or data disclosure.
We will foster resilience to economic coercion,” G7 leaders are committed.
In the communique published on the second day of the summit in Hiroshima, world leaders listed the will to create constructive and stable relations with China, because they believe it is important for global relations.
The communique also mentions an invitation for China to support a comprehensive, fair and lasting peace based on territorial integrity and the UN Charter, as well as a direct dialogue with Ukraine.
So far China has not condemned Russia’s aggression against Ukraine. The country did express support of Russian President Vladimir Putin’s regime.
Commenting on China’s policy towards Taiwan, G7 rejected any unilateral attempts to change the existing situation with force.
The G7 communique also lists an invitation for a peaceful resolution of the cross-strait issues. While, G7 member states say they still support One-China policy, they also rejected China’s territorial interests in the South China Sea, calling them “legally unjustified”.
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