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BBCNEWS BBC News June 4, 2024 22:07:00

G7 countries are unhappy about this and they have said they will try and work together to limit this. but you have to work within the economic reality, china is the second largest economy. the us once heavy curbs and investment in china. they have decided to move away from the idea of decoupling, to use the jargon, to break off trade entirely and move towards diversifying, which essentially means not depending so much on chinese supply chains and moving away from wholesale dependency on the chinese economy. that is a lot easier said than done, of course. china, for its part has come out with an angry response with what has been going on this week in hiroshima. they said it has been used as a chance to smear and attack china and it is a brazen interference in our internal full fires. it is a case of the war of ....

Supply Chains ,

CNN CNN Newsroom Live June 4, 2024 06:08:00

They are also using language like d risking de-risking they are not saying decoupling. they re just saying expand the supply chains a little bit. don t depend entirely on china. china is fine. we all need china. we want chine part of the global economic system. but let s not depend entirely on it. so, they are trying to find language that will not get china s back up too much, will not cause too much anxiety among the european allies, but at the same time sends a message that we are all behind the united states, behind biden, in recognizing that china needs to be, if not put in a box, then certainly needs its wings clipped a little. yeah, it s interesting as well, though, that the aid biden administration has walked ....

De Risking , China S , Don T , Machine Part , Supply Chains , Said Biden , United States , U S Food And Drug Administration ,

BBCNEWS Asia Business Report June 4, 2024 01:34:00

It s very powerful economy as a weapon to punish countries it has dispute with, impose trade restrictions, when there are problems with countries in the region, with japan, there s been problems in the past with australia as well so they are trying to rally other g7 countries to try to counter this economic influence of china in the guards to be how easy that is going to be, that is a completely different matter, european countries have very strong trade links with china so i suppose the idea of decoupling, breaking of ties, that s absolutely not feasible, not desirable for a lot of country that the g7 as well but there is this notion of de risking, of moving away from china, not completely, but breaking of ties, but maybe diversifying supply chains. into something they spoke about with john into something they spoke about withjohn from into something they spoke about with john from the into something they spoke about withjohn from the asian development bank institute, he told me abou ....

Trade Restrictions , G7 Summit Doesn T , De Risking , Supply Chains , Region China , Asian Development Bank Institute ,

BBCNEWS Newsday June 4, 2024 00:07:00

Relations with china. ﬁgs those g7 members on economic relations with china. relations with china. as you said, relations with china. as you said. very relations with china. as you said, very complex - relations with china. as you - said, very complex relationship there but they do to take a stand against economic coercion, as they describe it. in china is again the target. can they really reduce dependency on china, especially given their trade ties and how long is that going to take? mil long is that going to take? all ofthe long is that going to take? fill of the leaders, including those of the leaders, including those of the leaders, including those of the united states, been pretty clear that this notion of decoupling or completely separating economic relationships from china is really impossible. in the term that has become i think more accurate in what we want to think about is de risking. this is a term the eu leadership is used and i suspect will be increasingly used by ....

China S ,

CNN CNN Newsroom Live June 4, 2024 07:11:00

Like derisking investments and derisking economic relations with china. they re not saying decoupling. they re just saying is expand the supply chains a little bit. don t depend entirely on china. china s fine. we all need china. we want china to be part of the global economic system, about but let s not depend entirely on it. so they re trying to find a language that will not get china s back up too much, will not cause too much anxiety among the european allies, but sends a message that we re all behind the united states, behind biden, in recognizing that china needs to be, if not put in a box, then certainly needs its wings clipped a little bit. yeah. it s interesting, too, though, that the biden administration backed away from that phrase of decoupling, right? and they moved to more accommodation perhaps with a fairly shrewd eye as to what ....

Don T , Supply Chains , Derisking Investments , Joe Biden , United States ,