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

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 66%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

DPM Lawrence Wong in Niigata, Japan, for G-7 meeting of finance chiefsNIIGATA, Japan – Singapore’s Finance Minister and Deputy Prime Minister Lawrence Wong will attend a meeting of finance chiefs and central bank governors from the Group of Seven (G-7) bloc of wealthy industrialised democracies in Niigata, where the Republic has been invited as an observer. Read more at straitstimes.com.
Source: STForeignDesk - 🏆 4. / 71 Read more »

China, Russia loom large over G-7 Finance Ministers Niigata meetingNIIGATA, Japan – The finance chiefs of the Group of Seven (G-7) bloc of wealthy industrialised nations will discuss on Friday ways to beef up resilience in supply chains, so that developing countries can wean off their reliance on China for critical products. Read more at straitstimes.com.
Source: STForeignDesk - 🏆 4. / 71 Read more »

DPM Wong to visit Japan for G7 meeting of finance ministers, central bank governorsSINGAPORE: Deputy Prime Minister and Finance Minister Lawrence Wong will visit Niigata, Japan, from Thursday (May 11) to Saturday to attend the Group of Seven (G7) Finance Ministers and Central Bank Governors' M
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

BOJ's Ueda: G7 finance chiefs to debate financial system risksNIIGATA, Japan : Calm has returned to the global financial system after the recent failure of several U.S. banks, but Group of Seven (G7) finance leaders will communicate closely to respond to any renewed instability, Bank of Japan (BOJ) Governor Kazuo Ueda said on Thursday.Ueda also said there was no ser
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

US debt standoff overshadows G7 finance leaders' meetingNIIGATA, Japan : A standoff over raising the U.S. debt ceiling overshadowed a meeting of Group of Seven (G7) finance leaders set to begin on Thursday, heightening U.S. recession fears as central banks seek a soft landing for the global economy.President Joe Biden piled pressure on Republican lawmakers on
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »