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Reuters
Reuters
Business
By Christian Kraemer and Tetsushi Kajimoto

G7 finance chiefs debate reducing supply chain reliance on China

G7 China Janet Yellen Christian Kraemer Christian Lindner Japan central bank Jeremy Hunt Kazuo Ueda Niigata
U.S. Treasury Secretary Janet Yellen and Bank of Japan Governor Kazuo Ueda attend a family photo session at the G7 Finance Ministers and Central Bank Governors' meeting in Niigata, Japan, May 12, 2023. REUTERS/Issei Kato

Finance leaders of the Group of Seven (G7) advanced economies discussed the need to make global supply chains more resilient by reducing over-reliance on China, German Finance Minister Christian Lindner said on Friday.

Japan, which is hosting a three-day G7 meeting to debate key global themes in the city of Niigata, has been leading fresh efforts to diversify supply chains away from China by building partnerships with low- and middle-income countries through investment and aid.

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