Exclusive-G7 summit statement to target China's 'economic coercion' -source

Kazuo Ueda, governor of the Bank of Japan (BOJ), Tokiko Shimizu, executive director at the BOJ, Joachim Nagel, president of Deutsche Bundesbank, Jon Cunliffe, deputy governor for financial stability at the Bank of England (BOE), Jerome Powell, chairman of the US Federal Reserve, Christine Lagarde, president of the European Central Bank (ECB), Tiff Macklem, governor of the Bank of Canada, Francois Villeroy de Galhau, governor of the Bank of France, Ignazio Visco, governor of the Bank of Italy, prior to the central bank session of the Group of Seven (G-7) finance ministers and central bank governors meeting in Niigata, Japan, on Saturday, May 13, 2023. Kiyoshi Ota/Pool via REUTERS

Leaders of the Group of Seven (G7) countries are set to discuss concern about China's use of "economic coercion" in its dealings abroad as part of their larger joint statement next week, according to a U.S. official familiar with the discussions.

The statement, a likely component of the overall communique that will be released by leaders during the May 19-21 summit in Hiroshima, Japan, is expected to be paired with a broader written proposal on how the seven advanced economies will work together to counter "economic coercion" from any country.