Published: June 14th, 2021,
Last updated: January 13th, 2023
The G7 was first pronounced dead, then suffered the contempt of the previous US president. With Joe Biden, they are now experiencing a new beginning as an influential summit format. The main topic on the weekend was China. The old industrial nations want to move closer together to counter the Belt and Road Initiative with their own projects, reports Felix Lee. This may well have positive effects: Competition stimulates business. China and the West are now vying for investment in the Global South. At the same time, the nervousness of the G7 shows the economic and technical level that China has already reached.