Overview
- G7 leaders warned China and North Korea against building up their nuclear arsenals and rolled out sanctions on Russia for invading Ukraine.
- British Prime Minister Sunak called China the biggest challenge to global security but said leading economies should not fully decouple from China.
- President Biden said spy craft incident derailed open dialogue with China but hopes to reopen talks; Biden framed conflict with China as competition rather than seeing China as an adversary.
- G7 members are looking to de-risk and diversify their relationship with China by diversifying supply chains and counteracting harmful practices without decoupling.
- Despite G7 warnings, President Biden predicted relations with China would improve; China questioned US sincerity and called for lifting of sanctions.