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G7 finance heads vow financial stability, supply chain diversity |
Washington, 13.04.2023 |
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Group of Seven (G7) finance leaders have pledged to take action to maintain the stability of the global financial system after recent banking turmoil and to give low- and middle-income countries a bigger role in diversifying supply chains to make them more resilient.
Their communique did not mention China by name but the supply-chain language fits in with “friend-shoring” efforts by industrial democracies to work with each other to become less reliant on the Asian manufacturing powerhouse for battery minerals, semiconductors and other strategic goods.
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