G-7 Summit to Push for Global Supply Chain ‘De-Chinaization,’ Expert Says

(L to R) U.S. President Joe Biden, Germany's Chancellor Olaf Scholz, Britain's Prime Minister Rishi Sunak, Japan's Prime Minister Fumio Kishida, European Commission President Ursula von der Leyen, European Council President Charles Michel, France's President Emmanuel Macron, Italy's Prime Minister Giorgia Meloni, and Canada's Prime Minister Justin Trudeau take part in a working lunch session as part of the G-7 Leaders' Summit in Hiroshima, Japan, on May 19, 2023. Ludovic Marin/AFP via Getty Images

The Group of Seven (G-7) finance leaders recently pledged to increase global supply chain diversification, with an expert describing the move as “de-Chinaization.”

The G-7 Finance Ministers’ meeting in Niigata, Japan, ended on May 13, laying the groundwork for the G-7 Leaders’ Summit in Hiroshima from May 19 to 21.