After G7 leaders took a stand against China’s economic coercion, Beijing hit back by accusing them of lodging trumped-up charges. Which side is correct? What is economic coercion, and what concerns does it raise?
To claim China [is] engaging in the so-called 'economic coercion' is no more than lodging trumped-up charges, and the accusation is totally untenable.Officials from developed democracies are becoming increasingly vocal about Beijing’s use of trade barriers in political disputes.
“The world has encountered a disturbing rise in incidents of economic coercion that seek to exploit economic vulnerabilities and dependencies ... With a view to enabling sustainable economic relations with China, and strengthening the international trading system … we will foster resilience to economic coercion,” the G7 leaders said inChina’s state-run Global Times newspaper slammed the statement, saying China does not engage in such activities.
FILE - A general view of the second China-CEEC Expo, a consumer goods fair that concluded in Ningbo, in China's Zhejiang province, on June 11, 2021. released this past February that coercive actions have become “a key part of the PRC’s toolkit” as it takes a more assertive position in international disputes and seeks to reshape the global order in its favor.
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