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Germany's Scholz Talks Down China Decoupling, Instead Advocated De-Risking

G7

German Chancellor Olaf Scholz speaking in Hiroshima, Japan ahead of the G7 summit getting underway tomorrow. On China talks down the idea of 'decoupling', saying that 'our aim is de-risking and [the] increase of economic security in supply chains, investment and technological security'.

  • Germany, the nation in the EU with the most sizeable economic ties to China, has been at the forefront of moving Western nations away from talk of decoupling from China (the creation of two separate global economic spheres, one US/Europe-oriented, the other China-oriented) and instead towards de-risking (reducing supply chains with China in security critical areas): https://marketnews.com/mni-political-risk-analysis...
  • On Russia, says that 'we will further develop sanctions regime, in the centre is the attempt to prevent bypassing sanctions.' This aligns with comments from unnamed EU official made earlier: https://marketnews.com/focus-of-russia-sanctions-t...

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