China Won't be Part of G7 Economy Talks - Germany
China will not participate in discussions on the global economy at a meeting of Group of Seven (G7) nations this weekend despite being invited to do so, a German finance ministry official said on Tuesday.
"There are very practical reasons to do with domestic policy which will prevent the Chinese finance minister and central bank head from being present in Washington," the official told reporters, speaking on condition of anonymity.
"That means the discussion on the global economy will take place without China," he said, but added China would be represented at separate "outreach" talks at the meeting involving countries with large current account surpluses.
Aside from G7 countries, these talks would include Russia, China, the United Arab Emirates and Saudi Arabia, he said.