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The European Union was particularly concerned when China halted shipments to Lithuania after the Baltic nation allowed Taiwan to open an embassy there.
Not surprisingly, the G7 condemned what they considered a “worrisome increase” in the “toolbox of economic vulnerabilities.”
According to them, this coercion is aimed at “undermining the foreign and domestic policies and positions of G7 members as well as partners around the world.”
Those present at the meeting asked Ms. von der Leyen to “avoid risk.” This is a more modest version of the U.S.’s “engagement” with China, where it uses more forceful diplomatic language, expands its trading partners, and maintains commercial and technological innovation.
They also established a “coordination platform” to fight coercion and cooperate with growing economies. While the details of how this will work are still unclear, countries are expected to support each other through trade or financial aid to counter any obstacles China may throw up.
The G7 plans to improve digital infrastructure to prevent hacking and technology theft, as well as supply essential products such as semiconductors and minerals.
But multilateral export controls will be the biggest obstacle. This requires cooperation to prevent “malicious actors” from exploiting their technologies, especially those used for military and intelligence purposes.
They also established a “coordination platform” to fight coercion and cooperate with growing economies. While the details of how this will work are still unclear, countries are expected to support each other through trade or financial aid to counter any obstacles China may throw up.
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The G7 plans to improve digital infrastructure to prevent hacking and technology theft, as well as supply essential products such as semiconductors and minerals.
But multilateral export controls will be the biggest obstacle. This requires cooperation to prevent “malicious actors” from exploiting their technologies, especially those used for military and intelligence purposes.
They tried to appease Beijing by saying that their actions were “not intended to harm China” and that they “did not want to hinder China’s economic growth and development.” They were “not to be separated or brought back in.”
However, the Chinese urged cooperation, saying that “a growing China that plays by international rules will have global interests.”
They also called for “sincere” engagement, indicating their willingness to maintain open lines of communication when they can convey their concerns to China.
We do not know how Chinese diplomats and leaders will interpret the G7 statement. State media, however, have already retaliated against the West by denouncing China and trying to have it both ways, while at the same time exploiting their mutually beneficial economic ties.
Beijing decided to continue using traditional anger in its public discourse for the time being.
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Dr. Small, a senior Atlantic fellow at Germany’s Marshall Fund Research Institute, said: “There are significant debates over what ‘risk prevention’ means, how far some sensitive technology export restrictions should go, and over what. There is a need to take joint measures against economic coercion.
But now there is a distinct and clear framework for how advanced industrial economies should balance their economic relationship with China.
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