G7 Agrees to Reduce Rare Earth Dependency on China Amid Rising Tensions
G7 nations have committed to reducing their dependence on China for rare earth materials, essential for defense and technology, amid escalating tensions, particularly between China and Japan. Japan expressed concerns over China's impending embargo on dual-use exports, while China responded with threats of economic repercussions and a ban on Japanese seafood. Concurrently, China is strengthening its ties with African nations and engaging in diplomatic discussions with Canada, indicating a shift in global economic and political strategies.
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G7 countries agreed to decrease reliance on China for rare earth supplies, crucial for defense and high-tech industries. Japan raised concerns over China's embargo on dual-use exports effective January 6.
Tensions escalated between China and Japan following Prime Minister Sanae Takaichi's remarks on Taiwan. China threatened economic repercussions and suspended Japanese seafood imports. In Africa, China reaffirmed support for Somalia's territorial integrity and strengthened ties with Ethiopia, Tanzania, and Lesotho.
Meanwhile, Chinese Premier Li Qiang invited Canadian Prime Minister Mark Carney for a state visit to deepen bilateral dialogue. These dynamics are reshaping diplomatic and economic strategies, particularly for countries like Cameroon.
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