G7 sees robust growth this year, issues fresh appeal to China
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Finance officials from the Group of Seven issued a fresh appeal to China to revalue its currency and said the United States and Europe had a shared duty to promote balanced global growth.
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The International Monetary Fund revises up its global growth forecast because of growth in China, India and Russia.
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G7 finance ministers say China should allow its currency, the yuan, to rise more quickly to ease inflation pressures.
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The head of the International Monetary Fund on Tuesday predicted a "continued smooth ride" for the global economy, but cautioned there are signs of potential trouble ahead after several years of brisk growth.
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China's economy should expand by 10.5 percent this year as an investment boom surges ahead despite tightening government controls, the country's top planner said in comments reported Monday by state media.
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The Group of Seven rich nations took   aim at China on Saturday, urging Beijing to let its currency   rise faster to ease imbalances in trade and capital flows that   pose one of the biggest risks to global growth.
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The Group of Seven industrialized nations invited top Chinese economic officials to a dinner last Friday. It was about time that China was invited to a G-7 meeting.
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Poverty in Africa, global economic growth and revaluation of China's currency were the issues expected to dominate a two-day meeting of top G7 finance ministers.
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Finance chiefs from the biggest developing economies on Saturday pushed the Group of Seven (G7) industrialised nations for a seat at the high table of global economic policy making.
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Dragged along by a booming China, East Asian countries should grow 7.6% this year, their best result since the region&#39;s 1997 financial crisis, the Asian Development Bank (ADB) said Monday.
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French Economy Minister Christine Lagarde said on Tuesday that G7 countries had asked China to accelerate the appreciation of the yuan, and said markets were beginning to hear the U.S. message on the strong dollar.
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The global economy is doing better than for years as red-hot Chinese growth combines with comebacks by Europe and Japan to offset a U.S. slowdown, the Organization for Economic Co-operation and Development said on Thursday.
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FRANKFURT (Der Spiegel) - China's economy is continuing to expand at a blistering rate - with 11.5 percent growth in the third quarter of 2007. It is now poised to overtake Germany as the world's third largest economy within weeks and will soon also take Germany's crown as the world's biggest exporter. China's economy is continuing to surge ahead in double-digit growth figures and is due to overtake Germany as the third largest in the world within the next few weeks.  The country announced 11.5 percent growth for the third quarter of 2007, down on the 11.9 percent of the second quarter thanks to government efforts to cool the boom.
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The world economy is sound, although  financial markets may remain ragged for some time, and China  must let its currency rise faster to rebalance global growth,  finance officials from rich nations said on Friday.
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Senior finance officials have hailed a robust global economic recovery, albeit one threatened by surging oil prices, but made little headway pushing China toward currency reform and took no firm steps to ease the debt of the world's poorest nations.
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Growth in China&#39;s economy is expected to expand at a rapid rate in 2007, with inflation ticking higher to 3.2 percent, state media reported Friday, citing the central bank.
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China revised its 2006 economic growth data to a 12-year high of 11.1 percent, from 10.7 percent.