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China, G8 to Discuss World Economy
2005-6-3 21:09:49      Reuters
Finance ministers of China and the G8 will discuss world economy next week.

British Chancellor Gordon Brown said on Friday that there would be a widespread discussion on the world economy between China and the G8 when finance ministers meet in London next week.

In response to a question on whether the yuan exchange rate would be discussed, Brown told a news conference: "There will be a discussion of all things affecting the world economy."

China has come under increasing pressure from countries such as the United States to adjust its currency's peg to the dollar in recent months and foreign exchange markets have been eagerly awaiting any news suggesting Beijing is ready to oblige.

Brown said finance ministers from the G8 group of industrial nations would meet their counterparts from China, India, Brazil and South Africa, who had been invited to the London meeting.

Britain hopes the discussions set for June 11 will bring those four nations forward on the development agenda.

"One of the items on the agenda ... will be the contribution the countries outside the G7 can make to this development agenda and I have found an interest from China as well as India, South Africa and Brazil in this development agenda," said Brown.

(Photo source: AP)


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