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A informal dialogue between Chinese finance minister and the central bank governor with their G7 counterparts on the sidelines of the G7 finance ministers' meeting achieved expected results, the Chinese Finance Minister Jin Renqing said Saturday.
Jin said during their dialogue, both sides discussed in depth the global economic situation and related macro economic policies.
Jin said they also "enjoyed an open and helpful exchange of views on a wide range of economic issues of mutual interest in a candid way".
During the dialogue, they exchanged views on fiscal and monetary policies in G7 economies, the Asian economic outlook and exchange rate flexibility.
The finance ministers and central bank chiefs of the world 7 richest countries highly praised the rapid development of the Chinese economy and its contributions to the global growth.
Jin said that both sides believed that the dialogue would help boosting a stable global economic development and improving the international economic order.
He also said "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.
This is the second time that the Chinese finance minister and the central bank governor were invited to the G7 finance ministers' meeting since a dialogue of the same kind was held in Washington in October, 2004.
Jin said he also held bilateral meeting with his British counterpart Gordon Brown on Friday.
He announced that the British Chancellor of the Exchequer Gordon Brown, at Jin's invitation, would visit China from February 21 to 23, which both sides hope would push the relations between the two countries in the fiscal and economic field to a new level.
(Xinhua News Agency February 6, 2005)
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