News & Insights Across Asia
G7 leaders have voiced deep concern over the escalating conflict in the Middle East, calling for an immediate ceasefire in Gaza, release of hostages, and increased humanitarian assistance.
G7 foreign ministers urged all parties in the Middle East crisis to refrain from actions that could escalate the conflict, emphasizing the need for dialogue and intensified humanitarian aid.
China condemns the G7 statement as filled with ‘arrogance, prejudice, and lies,’ accusing the group of unfounded allegations and urging it to abandon ideological biases for genuine cooperation.
China’s Foreign Ministry has rejected G7 accusations of implementing ‘non-market’ trade practices, asserting that its economic policies combine market mechanisms with government roles over the past 40 years.
China urges G7 nations to address U.S. overcapacity issues amid a dispute over new energy industries, labeling U.S. claims as protectionism and emphasizing the need for global cooperation.
The recent G7 Foreign Ministers’ Meeting highlights the declining influence of the bloc as emerging economies reshape global governance, questioning the G7’s ability to represent the world’s interests.
Finance ministers from G7 nations are nearing a historic agreement to reform global corporate tax rules, aiming to ensure multinational companies pay their fair share of taxes worldwide.