Tensions rose in the wake of the G7 summit last weekend, as China weathered accusations of being an economic and security threat, while countering with its own similar accusations against the West. The meeting of the...
The agenda of this past week’s Group of Seven summit—a meeting of top officials from Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States—more or less revolved around a single question: what to do...
From the Guardian: Today – 2 April 2009 – may yet be marked as the day on which, through the catalysis of a global economic crisis, China definitively emerged as a 21st-century world power. Just a few months ago, the...
From Bloomberg: The Group of Seven’s united campaign for faster yuan gains means China risks increasing tensions with major trading partners as U.S. Treasury Secretary Henry Paulson and European Central Bank President Jean-Claude Trichet prepare to visit Beijing. Paulson, Trichet and the rest of the G-7 called on Oct. 19 for an “accelerated appreciation,” the […]
From Reuters.co.uk: Finance chiefs from the Group of Seven economic powers warned on Friday that oil prices were a growing threat to healthy world economic growth, calling for more crude output, energy conservation and investment. Agreeing to meet again in Britain in December, the ministers and central bankers from the United States, Italy, Canada, Japan, […]
From Agence France-Presse, via NEWS.com.au: The Group of Seven powers appealed for currency flexibility today in their latest veiled rebuke to China. Finance ministers from Britain, Canada, France, Germany, Italy, Japan and the United States did not explicitly cite China in a statement on currency rates issued at their latest meeting in Washington. But US […]
From Reuters, via The Washington Post: Finance chiefs from the Group of Seven economic powers met on Saturday to discuss two of the global economic concerns over which they have least control — high oil prices and China’s fixed currency peg. Increasingly aware of the group’s ebbing influence amid shifting world economic power toward developing […]
From the International Herald Tribune: China, which attended a Group of 7 meeting for the first time in October, will not be sending its most senior finance and banking officials to a gathering next week of the world’s leading industrialized nations in Washington, a spokesman for the U.S. Treasury Department said. “Senior Chinese officials have […]
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