FACT CHECK: Economic Coercion is a Key Part of China’s Foreign Policy Toolkit
· 03.06.2023 · 03:00:18 ··· ··· Saturday ·· 6 (6)
VOA News Officials from developed democracies are becoming increasingly vocal about Beijing’s use of trade barriers in political disputes.
On May 20, leaders of the Group of Seven (G7) announced an initiative dubbed the Coordination Platform on Economic Coercion. The move is aimed at countering economic coercion, including by China.
“The world has encountered a disturbing rise in incidents of economic coercion that seek to exploit economic vulnerabilities and dependencies ... With a view to enabling sustainable economic relations with China, and strengthening the international trading system … we will foster resilience to economic coercion,” the G7 leaders said in a joint communique released on the second day of the G7 summit in Japan.
China’s state-run Global Times newspaper slammed the statement, saying China does not engage in such activities.
“As a matter of fact … 'China never wages tariff wars or groundlessly hobbles any foreign companies,' China's Foreign Ministry said recently. To claim China [is] engaging in the so-called 'economic coercion' is no more than lodging trumped-up charges, and the accusation is totally untenable,” Global Times said in an article published on May 21.
That is false.
China’s increasing use of economic coercion has been manifested in various forms of pressure Beijing systematically imposes on businesses it targets in pursuit of foreign policy goals.
https://www.polygraph.info/a/fact-check-economic-coercion-is-key-part-of-china-s-foreign-policy-toolkit/7107546.html
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