The G7 faces competition from two other major international summits at the same time: the Arab League summit and the Xi'an summit. The Group of 7 is no longer as imposing as it used to be, a concrete expression of the multipolar world in which we live.
Some say this soon to be bipolar world, divided between Washington's allies and Beijing's growing circle of friends. A new schism of the international community where the Western bloc wants to counter China on industrial investments, in semiconductors as in clean energies.