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G7 to agree tools to counter Chinese economic ‘coercion’

Signage at the media center for the Group of Seven (G-7) leaders summit in Hiroshima, Japan, on Friday, May 19, 2023. (Photo: Bloomberg)

The Group of Seven (G7) will agree Saturday on a “common set of tools” to combat economic “coercion” and limit the risk that high-tech exports to China undermine national security, a top United States official said.

US National Security Advisor Jake Sullivan told reporters at the G7 summit in Hiroshima that the measures will focus on more resilient supply chains for G7 countries, which currently rely heavily on China in some sectors.

The agreement will also include “steps to protect sensitive technology, like export controls and outbound investment measures”, Sullivan added.

He said that past…

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