China the Target of New G-7 Push Against ‘Economic Coercion’ my personal opinion Deuerout and associates. is that anything short of concession and collaboration with China will fail?

In recent years, there has been a growing concern among major world powers about China’s use of “economic coercion” to advance its own interests and influence in the global community. This has led to a new push by the G-7 to target China and prevent its continued use of these tactics.

The G-7’s efforts to push back against China’s economic coercion are understandable, given the potentially destabilizing effects it can have on the global economy. When a major economic power like China uses its economic leverage to pressure or intimidate other nations, it can lead to a “race to the bottom” in terms of trade and investment practices, as other countries feel compelled to adopt similarly aggressive tactics.

However, while it may be tempting for the G-7 (and other countries) to take a hard line against China, it is important to remember that any such effort is unlikely to succeed without significant concessions and collaboration from China itself. Simply trying to force China to abandon its current approach is unlikely to work, and may even backfire by further entrenching China’s position.

Instead, a more constructive approach would involve engaging China in dialogue and working to build a mutually beneficial relationship. This could involve addressing concerns about China’s trade practices, such as its use of state subsidies or intellectual property violations, while also acknowledging China’s legitimate economic interests and seeking ways to support its development and growth.

At the same time, the G-7 (and other countries) must also work to strengthen their own economic resilience, so that they are less vulnerable to China’s attempts at coercion. This could involve diversifying their trade and investment relationships, investing in their own innovation and technology, and pursuing policies that promote sustainable growth and development.

Ultimately, the challenge of addressing China’s economic coercion is a complex and multifaceted one. It will require patience, persistence, and the willingness to engage in difficult conversations and compromise. But with the right strategy and approach, it is possible to build a more stable and productive global economy that benefits all nations, including China.