Informal dialogue with Group of Seven (G7) finance
ministers had met its objectives, said Finance Minister Jin
Renqing in London on Saturday.
Jin said that during talks between him, the
governor of China’s central bank and ministers from G7 countries,
the global economic situation and related macroeconomic policies
were discussed in depth.
He said they also "enjoyed an open and helpful
exchange of views on a wide range of economic issues of mutual
interest in a candid way."
During the meetings, they talked about fiscal and
monetary policies in G7 economies, the Asian economic outlook and
exchange rate flexibility.
Finance ministers and central bank chiefs from the world’s seven
richest countries praised the rapid development of the Chinese
economy and its contributions to world growth.
Jin said there was agreement that dialogue would
help boost stable global economic development and improve the
international economic order.
He also said "it was agreed that this meeting was
an effective means of increasing shared understanding of the
challenges and opportunities of an increasingly integrated global
economy.”
This is the second time the Finance Minister and the central bank
governor had attended the G7 finance ministers' meeting, the first
being in Washington in October 2004.
Jin’s meetings included one with the UK Chancellor
of the Exchequer, or finance minister, on Friday.
He announced that he had invited Gordon Brown to
visit China from February 21 to 23, which both sides hope will
promote economic relations between the two countries.
(Xinhua News Agency February 6, 2005)
