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Breakingviews: G7 says “de-risking”, China hears “containment”

News Snapshot:

HONG KONG, May 22 (Reuters Breakingviews) – At the just-concluded conclave of the Group of Seven in Hiroshima, the world’s wealthiest democracies said they want to de-risk, not decouple, from China. Yet Beijing sees them hobbling its strategic industries and ramping up their defence budgets. The West may want to bottle up President Xi Jinping’s ambitions without endangering their supply chains or market access; Germany’s Chancellor Olaf Scholz said the group will continue to invest in the $18 trillion economy. Yet polite synonyms for what is, on balance, an escalatory move are unlikely to prove soothing. “De-risk” is a reasonable-sounding…

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