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Coronavirus China
EconomyChina Economy

Coronavirus: China pessimistic over global powers’ efforts to save world economy amid distrust

  • Beijing adviser says we ‘may not see’ a global coordinated effort to fight the economic impact of the coronavirus any time soon
  • China has been sidelined as G7 powers discuss the need to work more closely, with mistrust among major powers set to hamper recovery effort

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European Union leaders met in Brussels on March 16 where they pledged greater coordination to fight the spread of the coronavirus. Photo: AFP
Finbarr Bermingham,Orange WangandWendy Wu

A pledge from G7 leaders to “act together” to solve the “health and economic risks” of the coronavirus pandemic has been met with pessimism in China, which has found itself on the sidelines of initial discussions on how to save the global economy.

China is not part of the G7, but the fact it did not warrant a single mention in a near-800 word communique released on Monday from the influential grouping, despite being arguably the only major economy to have been through the virus’ wringer, suggested just how far out in the cold it has landed.

The Group of 7 (G7) consists of Canada, France, Germany, Italy, Japan, Britain, the United States, and the European Union.

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The suggestion was hammered home in a subsequent tweet by US President Donald Trump, referring to “the Chinese virus”, in the sort of pejorative language that has become prevalent among senior members of his administration.

Chinese officials, meanwhile, have been propagating the myth that the virus may have originated outside China, in some cases even blaming the US for introducing it to Wuhan, the central Chinese city at the centre of the outbreak.
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