China was front and center at the 50th G7 summit taking place in Italy. On the threat China poses to collective economic security, in particular, Europeans and Americans broadly share a diagnosis of risks. But beyond the diagnosis, they do not yet agree on a shared policy remedy. First the good news. A collective diagnosis to confront the economic and national security threats from China has been building for some years but has perhaps never been as vivid as in the leaders’ statement in Apullia. From its industrial support to Russia and its trade over-capacities to its show of strength in the South China Sea, its crackdown on Hong Kong, and its lending practices to developing countries
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