The Group of Seven (G7) rich nations, concerned by tensions with Beijing, on Saturday outlined a shared approach towards China, looking to 'de-risk, not decouple' economic engagement with a country regarded as the factory of the world.
U.S. national security adviser Jake Sullivan speaks during a press briefing at the White House in Washington, U.S., April 24, 2023. REUTERS/Kevin Lamarque
The heads of the world's leading democracies meeting in the Japanese city of Hiroshima said they were prepared to build "constructive and stable" relations with Beijing while reducing their dependence on trade with the world's second largest economy. "We are not decoupling or turning inwards. At the same time, we recognise that economic resilience requires de-risking and diversifying."
But they said they would take steps to protect sensitive technology that could threaten national security, without unduly limiting trade and investment.The communique also reaffirmed the importance of peace and stability across the Taiwan Strait as indispensable to security and prosperity in the international community.
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