Press Room
 

FROM THE OFFICE OF PUBLIC AFFAIRS

October 1, 2004
js-1983

Statement on Meeting of the G-7 Finance Ministers and Central
Bank Governors with Chinese Counterparts
Washington, D.C., October 1, 2004

The G-7 Finance Ministers and Central Bank Governors met informally with China's Finance Minister and Central Bank Governor. They discussed the global economic outlook, macroeconomic policies in G-7 economies and the Chinese economic situation in a candid way. Among other things, they exchanged views on economic impact of oil prices, fiscal and monetary policies in G-7 economies, Asian economic outlook, and exchange rate flexibility. It was agreed that this meeting was a constructive channel to share views on issues of mutual concern and to promote mutual understandings.