The finance chiefs and central bank governors of the Group of Seven countries have expressed concerns about China's industrial overcapacity.
Beijing is being accused of overproducing electric vehicles and other products to sell them overseas at unfairly low prices.
The G7 officials released a joint communique after wrapping up two days of talks in Stresa, northern Italy, on Saturday.
The statement says, "We express concerns about China's comprehensive use of non-market policies and practices that undermines our workers, industries, and economic resilience."
The statement further says that the officials will "consider taking steps to ensure a level playing field, in line with World Trade Organization principles."
The participants also discussed the idea of supporting Ukraine by using profits from Russian assets that have been frozen as part of sanctions over Moscow's invasion of the country.
The statement says the officials intend to present options to their leaders ahead of the G7 summit next month.
Japan's Finance Minister Suzuki Shunichi spoke to reporters. He said Tokyo's basic position is that international law must be obeyed, as far as the use of profits from Russia's assets are concerned, because Moscow is being condemned for its violations of international law.
The G7 officials remain split on how to handle the Russian assets. It remains to be seen to what extent they will be able to narrow the gap by the G7 summit.