Beijing urges Japan, other G7 members to stop assisting US in economic coercion and bullying

CCTV: According to reports, informed sources say that the G7 Hiroshima Summit may issue a separate statement on economic security, which will stress the importance of countering economic coercion, maintaining supply chain resilience, ensuring fair competition, and ending dependency on China in semiconductors, critical minerals and other sectors. What’s your comment? Wang Wenbin: No one is more qualified than the US to be called out for economic coercion. Japan surely knows this best from its experience with the Plaza Accord of the 1980s. If G7 members truly care about economic security, they should ask the US to stop bludgeoning and curbing other countries in the name of national security, stop bullying others and coercing allies to form exclusive blocs, stop disrupting the security and stability of global industrial and supply chains, and stop dividing the world into two markets and systems, which is the world’s No.1 economic threat right now. The US has been browbeating relevant countries into economic decoupling from China, imposing sci-tech blockade on China, and suppressing Chinese companies. This is not about fair competition, but a serious violation of market principles and WTO rules. If G7 members truly care about economic security, they should ask the US not to try to avoid default by keeping raising the debt ceiling, to correct its aggressive adjustment of monetary policies and not to shift domestic risks to the rest of the world. If G7 members truly care about economic security, they should immediately find out who’re responsible for the Nord Stream pipeline blast and hold them accountable to safeguard the security of important transnational infrastructure. We urge the US, Japan and other G7 countries – all members of the club of the rich – not to harm the interests of the many for the selfish interests of the few in the world of nations. We hope they will follow the trend of our times for inclusiveness and openness and think of tangible ways to contribute to world peace, stability and development. Japan must not be complicit in economic coercion as G7 chair. __________________ ShanghaiEye focuses on producing top-quality contents. Nobody knows SHANGHAI better than us. Please subscribe to us ☻☻☻ __________________ For more stories, please click ■ What’s up today in Shanghai, the most updated news of the city ■ Amazing Shanghai, exploring the unknown corners of the city, learning the people, food and stories behind them ■ What Chinese people’s lives are like during the post COVID-19 period ■ Views of foreign scholars on China and its affairs ■ Foreign faces in Shanghai, people living in this city sharing their true feelings ■ Mini-docs showing why China is the country it is today __________________ ☎Leave us messages if you have any suggestions or questions! Thank you!