G7 leaders are gathering for a third day of meetings on Wednesday with a much-anticipated discussion on economic imbalances, with a particular focus on the country that allies consider the main culprit behind the crippling phenomenon: China.
Ursula von der Leyen, the president of the European Commission, has warned of a "new China shock" triggered by the glut of low-cost, highly subsidised goods coming from Beijing's state-led economy, which has turned heavily to global exports.
While officials admit the grim diagnosis of the problem is widely shared around the table, it is unclear whether the G7 will be able to build a common front as US President Donald Trump continues to baffle allies with an ever-changing China policy.
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