China to Make Debut at G-7 Finance Talks Next Week, US Says
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China will attend talks of the Group of Seven industrialized countries for the first time next week, reflecting the emerging importance of the world&#39;s biggest developing nation to the global economy, the US Treasury said.
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China sought Friday to soothe concerns  over a surprise interest rate rise, its first in nearly a  decade and one which is expected to kick off a series of  increases to cool growth in the world's seventh-biggest  economy.
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Business & money: Finance chiefs from the G7 warn the global economy will slow down as a result of US mortgage crisis
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BEIJING, Sept. 20 -- The United States and China on Wednesday announced plans for a string of high-level talks on tense economic issues -- among them, the value of China's currency, its enormous trade surplus and the routine theft of intellectual property.
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China, which for the first time joined a meeting of top officials from the Group of Seven countries this week, has no immediate plans to enter the rich nations' club, its finance minister said on Saturday.
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Japan will host a meeting of Group of  Seven finance chiefs on February 9 in Tokyo to discuss  challenges facing the global economy including fragile markets  and high oil prices, Finance Minister Fukushiro Nukaga said on  Friday.
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ESSEN, Germany  - The G7 free-market powers agreed to single out China again in repeat appeals on Saturday for flexible exchange rates, but Japan's tumbling yen escaped a similar fate despite mounting concern in Europe.
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US Treasury Secretary Henry Paulson is due in China for his first visit since taking up the post.
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Japanese Finance Minister Sadakazu   Tanigaki said on Friday that G7 financial heads would discuss   exchange rates when they meet in Singapore on September 16, but   he declined to say if the yen would be at the center of those   talks.
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Federal Reserve Chairman Ben  Bernanke will accompany Treasury Secretary Henry Paulson and  other cabinet officials to Beijing next month to try to  persuade China to alter its economic policies, senior U.S.  government officials said on Thursday.
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Chinese officials reiterated their country would move toward a flexible foreign exchange rate, but offered no new specifics on the timing in a joint statement issued on Friday after talks with high-level US officials.
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DAVOS, Switzerland  - China told the world on  Saturday it will not rush to reform its pegged exchange rate  regime, dashing hopes for a breakthrough on currency issues at  next week's Group of Seven finance ministers' meeting.
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The IMF board will meet on Monday at the prompting of developing nations which want Europe and the United States to agree to throw open selection of a new managing director to candidates from around the globe, officials said on Friday.
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Group of Seven finance ministers and central bankers will be joined by representatives from China for the first time at the G7 October 1 meeting in Washington, a US official said.
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Finance chiefs from seven of the world's most powerful countries will convene here Saturday to assess prospects for a global economy threatened by simmering inflation, higher interest rates and foreign exchange uncertainty.
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China vowed to move &quot;firmly and steadily&quot; toward a flexible exchange rate during a meeting of Chinese and US officials in Washington Thursday, the US Treasury Department said in a statement.
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The US and Russia are to begin formal economic talks at ministerial level, the US embassy in Moscow says.