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


Source: cnbc.com cnbc.com

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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. Leaders 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...