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G7 leaders warn China on steel, promise action on steel, technology

( May 27, 2016, 14:55 GMT | Official Statement) -- MLex Summary: G7 world leaders in a communique from their summit in Japan on Friday said global trade performance has "disappointed" in recent years and they outlined plans to use the World Trade Organization and other international venues to push growth forward. The statement pointed especially to overcapacity in the steel market and suggested in an obvious reference to China that "coordinated actions" would be taken by the countries to eliminate unfair government subsidies. The leaders also announced a new G7 cyber working group. ...

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