FROM THE OFFICE OF PUBLIC AFFAIRS

February 4, 2005
JS-2248

Statement on the Meeting of G7 Finance Ministers and Central Bank Governors
with Chinese counterparts, London, 5 February 2004

The Finance Ministers and Central Bank Governors of the G7 countries met informally with China's Finance Minister and Central Bank Governor to continue the productive dialogue begun in Washington in October 2004.  They enjoyed an open and helpful exchange of views on a wide range of economic issues of mutual interest in a candid way.  Among other things, they exchanged views on fiscal and monetary policies in G7 economies, the Asian economic outlook, and exchange rate flexibility.  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.