G7 leaders that met in Germany last week condemned China's 'non-transparent and market-distorting' international trade practices in an end-of-summit statement billed as 'unprecedented' by the United States.
The United States has long cast a wary eye at China over its trade practices, which Washington believes are designed to accord an unfair advantage to Chinese companies over foreign firms.
The statement, which also pledged to reduce 'strategic dependencies' on China, came hours before the leaders join a larger group of their counterparts at a NATO summit in Madrid, reports AFP.
Russia's invasion of Ukraine and Beijing's refusal to distance itself from Vladimir Putin has prompted other countries, including export giant Germany, to also reconsider their economic reliance on the Asian giant.
In their closing statement following a three-day summit in the Bavarian Alps, the g7 leaders signalled that they would seek to extricate themselves from economic dependence on China.
They vowed to 'foster diversification and resilience to economic coercion, and to reduce strategic dependencies'.
A US official called the collective statement 'unprecedented in the context of the G7' in acknowledging 'the harms caused by China's non-transparent, market distorting, industrial directives'.
The leaders also voiced concern about human rights violations in China, urging Beijing to respect fundamental freedoms.
SeaNews Turkey
The United States has long cast a wary eye at China over its trade practices, which Washington believes are designed to accord an unfair advantage to Chinese companies over foreign firms.
The statement, which also pledged to reduce 'strategic dependencies' on China, came hours before the leaders join a larger group of their counterparts at a NATO summit in Madrid, reports AFP.
Russia's invasion of Ukraine and Beijing's refusal to distance itself from Vladimir Putin has prompted other countries, including export giant Germany, to also reconsider their economic reliance on the Asian giant.
In their closing statement following a three-day summit in the Bavarian Alps, the g7 leaders signalled that they would seek to extricate themselves from economic dependence on China.
They vowed to 'foster diversification and resilience to economic coercion, and to reduce strategic dependencies'.
A US official called the collective statement 'unprecedented in the context of the G7' in acknowledging 'the harms caused by China's non-transparent, market distorting, industrial directives'.
The leaders also voiced concern about human rights violations in China, urging Beijing to respect fundamental freedoms.
SeaNews Turkey