G7 pressure on China over subsidies ‘doomed to fail’ even as Biden administration gathers coalition

Apr 1, 2021 | INVESTING

Pressure from the G7 to force China to change its economic behaviour is “doomed to fail”, and Beijing might simply choose to ignore it if external pressure continues to mount, experts said.On Wednesday, trade ministers from the Group of 7 (G7) – the United States, Germany, Britain, France, Canada, Italy and Japan – pledged collective action against “harmful industrial subsidies” without naming China directly.British Trade Minister Liz Truss, with Britain the current president of the bloc, had…

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