G7 finance heads face tricky trade-off in debating steps to counter China

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NIIGATA, Japan: Finance leaders of the Group of Seven (G7) advanced economies will debate this week the idea of implementing targeted controls on investments in China, which analysts see as a double-edged sword that could make little headway.

gathering in the Japanese city of Niigata, with current chair Japan leading fresh efforts to diversify supply chains and reduce their heavy reliance on Beijing.

German Finance Minister Christian Lindner said on Friday he hoped US politicians would come to a"grown-up" decision on talks to raise the US$31.4 trillion debt ceiling - the maximum amount the US government is authorised to borrow - warning there was a risk to the global economy if they did not.COUNTERING CHINA'S"ECONOMIC COERCION"

Preliminary data provided to Reuters showed Germany's direct investment in China continues to rise even as its government wants to"derisk" their relationship with Beijing.

 

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