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G7 to agree tough line on China market abuse – U.S. official

The Group of Seven leaders gather for a lunch at the Schloss Elmau hotel in Elmau, Germany, June 27, 2022. Susan Walsh/Pool via REUTERS

GARMISCH-PARTENKIRCHEN, Germany (Reuters) – The Group of Seven leading industrialised democracies have agreed to develop a coordinated approach to remedying China’s “non-market” international trade practices, a senior U.S. official said on the last day of their summit in Germany.

“You’ll see leaders release a collective statement, which is unprecedented in the context of the G7, acknowledging the harms caused by China’s non-transparent, market-distorting industrial directives,” the official said on Tuesday.

Among their commitments was one to accelerate efforts to remove forced labour, including state-backed forced labour, from global supply chains, the official added.

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