The G-7 issued its strongest ever message to China over the weekend, but an analyst warned that isolating Beijing is “impossible” and “dangerous.”
The world’s largest seven economies agreed at a summit in Hiroshima, Japan, to de-risk and diversify their supply chains away from China, amid concerns of economic coercion. There has been a growing awareness among Western nations that their economies rely heavily on China. The coronavirus pandemic shed light on the intricacies of critical supply chains, but the ongoing war in Ukraine has further exacerbated this reality.
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