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Free AccessGerman Gov't Source-G7 Summit Not About 'Anti-China Alliance'
Wires carrying comments from an unnamed source within the German gov't ahead of the 19-21 May G7 summit in Japan. The comments appear to seek to pursue a softer line on relations between China and the G7 but talk up a hard-line approach towards Russia.
- On China: 'Summit declaration will deal thoroughly with dealing with China, gives wide agreement on not de-coupling, but de-risking...G7 shall not be about anti-China alliance, we want to promote positive alternative project to Silk Road Initiative [Belt and Road].'
- On debate over outbound investment screening for China: 'We don't want a broad approach but very targeted controls, our impression is that the US want this too.'
- On Russia states that the G7 will 'raise the price on Russia for attack on Ukraine, will discuss how to prevent bypassing of sanctions....We are very critical about extraterritorial sanctions, rather [we] want to tackle bypassing of sanctions...Complete ban on all exports to Russia and defining exceptions later would not work'.
- 'We will talk at G7 summit about how to prevent subsidies race.'
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.