G7 draft confronts China's 'unfair' business competition

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G7 draft confronts China's 'unfair' business competition

BORGO EGNAZIA, Italy - The Group of Seven nations vowed on Friday to tackle what they called unfair business practices by China that were undermining their workers and industries, according to a draft statement on the final day of their annual summit.

The pope had meetings with French President Emmanuel Macron and Ukrainian President Volodymyr Zelenskiy, and was due later to have talks with other leaders, including U.S. President Joe Biden. The U.S. this week imposed fresh sanctions on China-based firms supplying semiconductors to Russia amid worries over Beijing's increasingly aggressive stance against Taiwan and run-ins with the Philippines over rival maritime claims.

Biden held talks on Friday with Italian Prime Minister Giorgia Meloni, the summit host, where they agreed to pursue all options to impose further costs on Russia. The pope will be joined by 10 other heads of state and government, including the prime minister of India and the king of Jordan, as the G7 throws open its doors to outsiders in an effort to show it is not an aloof, exclusive club.

 

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