France plans G7 Summit with India, Brazil, Kenya- China not invited

France will host the leaders of India, South Korea, Brazil and Kenya at the G7 leaders’ summit in Evian-les-Bains in June, a move Paris says is aimed at broadening support for its goal of correcting global economic imbalances,according to officials from the Elysee Palace. Paris hopes to prevent what it calls a “massive financial crisis” by encouraging China to increase domestic consumption while reducing exports that create market instability. France also wants the United States to lower its deficits and Europe to increase production while reducing savings.“We don’t know where the Iran crisis will be by June,” an adviser to President Emmanuel Macron said. “However it evolves, we will have to address its energy and economic consequences.”
China will not attend the summit on June 15-17 and continues to question the legitimacy of the G7 as a “club of rich countries”, French officials said. France, which had tried to invite Beijing according to diplomatic sources, will “engage” China through separate channels, an official said, adding that it was also in China’s interest to avoid a confrontation.“The risk for China is to see global markets, and European markets, closing off to it,” the official said.
The countries invited instead are all democracies and market economies that play by the rules of international cooperation, he added. Adding to the uncertainty is whether U.S. President Donald Trump, whose use of tariff threats has rattled allies and rivals alike, not to mention the world’s markets, will attend. “I won’t make any predictions, but if Trump doesn’t come, it also makes sense – it’s a new international reality and we need to organise ourselves accordingly,” the official said.