G7 stance on China complicated by huge stakes in economic ties, cooperation on global issues

What did these multinational corporations think back when started transferring their key operations to a Marxist-Leninist authoritarian state on the other side of the world? Did they believe that everything would just run smoothly, risk-free?

There were voices, like mine, around 15 years ago to warned that this would happen. Schadenfreude is best served fresh. LOL.

The Americans wrote the playbook on "economic coercion" with trade embargoes, sanctions, the freezing of assets along with a bunch of other tools. The hypocrisy is strong in this one, but then again all/most politicians are hypocrites.

Yes, JeffLee, global capital has a lot to answer for. Actually the last British governor of Hong Kong, Chris Patten, was pretty critical and wary about the promises of China to these idiots.

Its not like we cannot source our lower-wage less value-added products in another country.

i lived in Xi'an for about three years.

Anyine investing in or even visiting the PRC is looking for trouble.

It’s about market access not just outsourcing. China’s airlines will need 8,700 new planes in next 20 years, Boeing says, costing US$1.47 trillion.

Xi reaffirms China’s $17 billion order of Airbus planes during Chancellor Scholz’s visit to China last year and there’s the recent order during Macron’s visit to Beijing last month.

Boeing doesn’t even have to leave China because they don’t have a presence in China, and they will fail if they lose this market to Airbus.

i lived in Xi'an for about three years.

I lived in China for six months and I regret not staying there and starting business. I would be rich. In Japan I watch my money become lower than Vietnam.

The issue is retaliation against “countries that take actions that China’s not happy with from a geopolitical perspective. That’s a matter that should be of concern to all of us,”

The hypocrisy of the statement is quite extraordinary. I guess navel gazing is never a superpower's strong point though, is it.

And where will all the petroleum resources come from to sustain the plethora of products .

I'm sure the SE Asian nations are perfectly capable of importing petroleum just like China.

China has undoubtedly the manufacturing facilities greater than whatever other countries you are referring to.

Facilities that can be moved or rebuilt elsewhere.

The world doesn't need more junk to throw away.

Try quality not quantity

That's precisely what people are advocating when they say to jettison China.

No problem 台灣不是中國, China has moved up the manufacturing food chain. In fact China exported more automobiles than Japan in the first quarter of the year. https://www.bbc.com/news/business-65643064#

It's not gonna work because no country would really like to decouple from China.

Just like here, everyone says boycott China but no one really does.

Feed the beast as much as it wants to eat and pray it doesn’t bite or take a long pause to stop and carefully consider the consequences.

Frankly, it look like what we feed the beast and how much has to be regulated.

Prior to WWII, Germany conducted a series of land grabs and acquisitions while a horrified world looked on and was too petrified about what to do or say. Regrettably with Russia and China’s similar actions as Hitler, we are once again at such a crossroads.

Cant we all just get along?

""The question is how to translate that worry into action.""

Of course, anyone who thinks that we are in this world alone is DELUSIONAL, China is with us to stay and has been for thousands of years, there is a lot to loose than gain working against China so sharpen up your pencils boys and girls and figure out meaningful ways to resolve any issues China and move FORWARD not BACKWORD.

What did these multinational corporations think back when started transferring their key operations to a Marxist-Leninist authoritarian state on the other side of the world? Did they believe that everything would just run smoothly, risk-free?

In a word, yes. The wisdom of the time was that "engagement" would gradually remake China they way it remade the harsh military dictatorships of South Korea and Taiwan. That may still come to pass with China. Only time will tell. Xi Jinping is frantically trying to stuff the genie back into the bottle to preserve CCP power, but nearly every family in China has family members living abroad or has had family members educated in western universities. VPNs are ubiquitous. They know much about the world beyond the porous Great Firewall and they know the CCP lies to them. Engagement may still bear fruit though if you look at the histories of both South Korea and Taiwan it required an atrocity committed on their people by their dictators to turn the tide in favor of democracy.

And where will all the petroleum resources come from to sustain the plethora of products .

I'm sure the SE Asian nations are perfectly capable of importing petroleum just like China.

But not actually able to answer the question where the petroleum resources will come from are you ?

China's energy imports and energy use have declined slightly this year. China has re-sold a large number of shipments of US sourced LNG, purchased on 20 year contracts, to European customers because China's use declined and Europe was foregoing Russian natural gas. Supplies routinely shift with changes in demand. If factories move from China to other Asian nations the energy supplies will follow. Ships can dock in a lot of places, not just China.

As Muslim World, China, Russia, Central Asia and much of Global South solidify their 'polarity', working in areas with shared interests and values with G-7 and others the key!

Let's stop the insane destabilization, whether endless wars, proxy wars, central banking money printing inflation, other domestic interference especially political and rather focus on BIG problems we all share TOGETHER, like climate, this is how to safeguard humanity!

Unfortunately, small but vocal minority seem to believe military escalation with nuclear armed power a preferable strategy. Such an approach is both costly, risky and forces world to Delay Finding Solutions to OUR Shared Problems or Even WORSE Problems...

The G7 needs China market, right ? Can they sell their exports to India gaining the same profits? NO !

So the supreme leader of China "Xi Jinping" consider all of you seven political jokers were tasteless comedians!

The overarching basis of this gang of 7 is to keep themselves above everybody else.... at all costs. They’ll slash and burn everything/ anything to keep their privilege .

But not actually able to answer the question where the petroleum resources will come from are you ?

Plenty of SE nations are also on the warcrime carbon stream. I'm sure they can work it out. If Japan can do manufacturing, so can Vietnam.

It's surreal, that photo reminds me of a old soviet propaganda poster

https://www.sovietposters.com/posters/glory-to-the-soviet-nation-1954

Could this not be a taste of days of future past?

read between lines.

G7 without China is completely lost.

and gone.

That's an exaggeration, but this G7 summit definitely resembles a posh boys and girls school reunion dinner where every participant is acutely aware the real action is happening elsewhere. There's an end-of-term feel about it, what with the increasing struggle to project a show of common purpose and the precipitant chaos of the impending American election looming on the horizon.

I, for one, am shocked!

I mean, yes, the world moved the majority of it's manufacturing to China.

Yes, we continued to buy our own items from them after we had already moved everything there voluntarily.

Yes, we pushed for them to raise labor costs and improve quality by paying their workers more.

Yes, we allowed them to pass those costs onto us.

But after all that, who could have possibly forseen them having all our stuff and making a bunch of money off of it?

Inconceivable, really.

The question is how to translate that worry into action.

One could stop reading the article here.

So, the topic of this meeting is freedom? And not a single word mentioned about Uyghur? I assumed that problem has been fully resolved then?

So, the topic of this meeting is freedom? And not a single word mentioned about Uyghur? I assumed that problem has been fully resolved then?

Is that really true?

I mean we're talking genocide here, if the west really believe China is committing genocide they would have stopped all dealings with china

China's happy to let G-7 and NATO destroy itself, as Global South, Muslims across World, Central Asia, in other words MOST of planet, prefers China's Stability vs. Destabilization as Mastered by US and its puppets.

Even India hedging Bigtime as US and G-7 = Radioactive

Turkish President Erdogan - constantly Slams US & EU domestic political interference & economic destabilization.

US led destabilization includes especially Central Bank Money printing exporting inflation globally & Endless Wars & Proxy Wars putting entire World in Grave Danger.

G-7 needs China, not vice-versa, TRENDS = CLEAR

The G7 needs China market, right ? Can they sell their exports to India gaining the same profits? NO !

The G7 exports less to China than you think. Mostly G7 corporations make things in China to either be sold in the Chinese market (China makes it very hard to export finished goods there, they want firms to make their Chinese market products in China with a Chinese equity "partner" who is there to learn, I mean steal, your ip). They make things in China for sale abroad. also with a Chinese equity partner. Most of these firms got into China thinking there was a lot of money to be made selling to a huge up and coming domestic Chinese middle class, and that indeed occurred. But if you drive around a big Chinese city all those Audis, Buicks, Toyotas, Chevys, Caddys, VWs and the like are made in China in a factory half owned by a Chinese auto maker. GM isn't making cars in the US and shipping them to China, nor is VW. Even Airbus and Boeing do final assembly in China for Chinese bound airliners. The majority of what China imports are raw materials for their factories and energy,