G7 discusses countering China's economic influence and global issues.
TL;DR Summary
US Treasury Secretary Janet Yellen said that G7 members are considering how to counter China's use of "economic coercion" against other countries. The US government has been discussing the possibility of imposing further, narrowly targeted restrictions on outbound investment to China, and has been discussing that prospect with G7 allies. The Biden administration views coordinated action by like-minded countries as most effective and useful. Yellen said any US action would be "narrowly scoped and targeted at technologies where there are clear national security implications."
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