The major headline from this year’s G7 summit in Hiroshima was the appearance of Ukrainian President Volodymyr Zelenskyy and his push to end Russia’s war on his country. But another G7 concern, China, also featured prominently at the summit. While this year’s G7 leaders’ communique featured some more moderate language on China than last year’s, it also focused heavily on economic coercion, condemning a “disturbing rise” of the “weaponization of economic vulnerabilities” — a not too subtle jab at China’s economic statecraft. Still, even as U.S.-China relations remain tense...