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‘We are not decoupling’: G-7 leaders agree on approach to ‘de-risk’ from China


Chinese President Xi Jinping and hands with then U.S Vice President Joe Biden inside the Great Hall of the People on December 4, 2013 in Beijing, China.Lintao Zhang | Getty Images News | Getty ImagesLeaders of the Group of Seven agreed there’s a need to de-risk, not decouple from China, and acknowledged challenges posed by the mainland’s practices which “distort the global economy.””We are not decoupling or turning inwards,” the G-7 said in a joint statement released over the weekend as leaders met in Hiroshima, Japan. “At the same time, we recognize that economic resilience requires de-risking and diversifying.”Leaders added, “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.”Reiterating the stance, Pr …

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