Rich countries unite against China ... sort of
Under pressure from the U.S., the G7 is rolling out new initiatives to counter China's economic reach. There's little agreement on how much further to go.
FASANO, Italy — President Joe Biden and fellow G7 leaders agree that China poses a grave threat to their economies.
But behind the group’s collective bravado on “getting tough” with China, the countries still have varying appetites for how far to actually go in challenging a world superpower — differences that some officials worry could dent the coalition’s ability to fend off Beijing’s advances.
The G7 on Friday will try to paper over those lingering divides, coalescing behind a series of initiatives aimed at ratcheting up attention on China’s trade and investment in developing countries around the globe.