G7 faces pushback on China and Ukraine priorities.

1 min read
Source: CNBC
G7 faces pushback on China and Ukraine priorities.
Photo: CNBC
TL;DR Summary

The G-7 has agreed to de-risk and diversify their supply chains away from China, but an analyst warns that isolating Beijing is "impossible" and "dangerous." The joint statement from the G-7 said that their policy approaches are not designed to harm China nor do they seek to thwart China's economic progress and development. The shift from the Biden administration highlights the realization that it would take a great deal of effort and economic pain to separate its economy from that of China. The G-7 leaders expressed their concerns about the situation in the East and South China Seas and in supporting a "no change" in the status quo of Taiwan.

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