President Biden and U.S. allies will release a collective statement on Tuesday acknowledging challenges posed by China on workers, companies and national security, the White House announced at the Group of Seven (G7) Summit. The statement from countries representing more than 50 percent of the world economy is focused on strengthening cooperation on economic issues, cyberspace and quantum computing as well as the harms caused by China’s non-transparent, market-distorting industrial directives. A senior Biden administration official on Tuesday called the release “unprecedented in the context of the G7.” “The leaders will commit to working together to develop a coordinated approach
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