Subscribe to our free daily newsletters
. Military Space News .




Subscribe to our free daily newsletters



China To Be Absent From G7 Meeting

China will not attend the G7 meeting to be held in Washington this week.
by Staff Writers
Berlin (AFP) Apr 10, 2007
China will not take part in a meeting of Group of Seven finance ministers in Washington this week organised by G7 president Germany, a spokesman for the finance ministry said here Tuesday. "According to the information we have the Chinese delegation will not be participating in the meeting," the spokesman told AFP. He did not cite a reason.

China is not a member of the G7 but has frequently taken part in some of the discussions during the G7 sessions.

The G7 groups Britain, Canada, France, Germany, Italy, Japan and the United States while Russia rounds out the Group of Eight (G8).

The gathering of the finance ministers of the world's seven richest nations is to be held Friday, ahead of the annual IMF/World Bank meeting in the US capital, is expected to focus on hedge funds.

According to press reports, the largest of the highly speculative investment funds, Blackstone, Cerberus and Fortress are likely to take part.

Calls for tougher regulation of hedge funds, a trillion-dollar industry that has grown rapidly in recent years, have mounted in recent months.

Concern has grown because ostensibly conservative pension funds have joined the rush to invest in hedge funds despite their secretive trading practices.

G7 finance ministers in February debated the risks to the global financial system posed by hedge funds and urged greater vigilance of the industry.

Germany has put increased transparency and even regulation of the largely uncontrolled hedge fund sector at the top of its agenda for its year-long G8 presidency but has run into resistance from the United States in particular.

German Finance Minister Peer Steinbrueck meanwhile came under fire Tuesday for preferring to go on holiday with his family rather than attend the G7 meeting.

He will be represented in Washington by his number two in the finance ministry, Thomas Mirow, the ministry said.

Source: Agence France-Presse

Email This Article

Related Links
Learn about the Superpowers of the 21st Century at SpaceWar.com

Russia A Would-Be Great Power Or More
Moscow (RIA Novosti) Apr 10, 2007
Anyone strolling around a half-decent bookshop these days will find that most of the books on current affairs seem to deal with Islam and the war in Iraq - and China.







  • China To Be Absent From G7 Meeting
  • Russia A Would-Be Great Power Or More
  • Top US Defense Policy Maker For Asia Quits
  • US Military Chief Given Unprecedented Access In China

  • Iran Says Nuclear Drive Reaches Industrial Scale
  • India To Test Long-Range Ballistic Missile
  • US Funds Tighten Security At Russia Nuclear Sites
  • Iran Won Sailors Battle With Britain Says Bolton

  • Raytheon Awarded Contract To Produce Missile Launchers For US Navy
  • Netfires Precision Attack Missile Launch Paves The Way For Complete System Testing
  • India Says Air-To-Air Missile Tested And BrahMos To Be Deployed
  • System Monitors Health Of New Composite Military Missiles

  • Terminal High Altitude Area Defense Radar Successful In Second Integrated Test
  • THAAD Goes Another ABM Test
  • Japan Deploys Its Own Patriots
  • US To Pursue Missile Shield With Or Without Moscow's Nod

  • Nondestructive Testing Keeps Bagram Aircraft Flying
  • New FAA Oceanic Air Traffic System Designed By Lockheed Martin Fully Operational
  • NASA Seeks New Research Proposals
  • Germans Urged To Give Foreign Travel A Rest To Curb Global Warming

  • New Global Hawk Fuselage Exceeds US Air Force Strength And Safety Requirements
  • Thales Conducts Research Into Mine Warfare For French Defence Procurement Agency
  • Insitu Selects RTI For Unmanned Air-Vehicle Products
  • Northrop Grumman Provides 24/7 Service To Navy Unmanned Systems Customers

  • The Truck Bomb Menace Spreads
  • Side-Effects Of The Surge
  • The Worst Mistake Yet In Iraq
  • Iraq Deployment Extensions

  • Boeing Tests First SBInet Mobile Sensor Tower
  • Northrop Grumman Wins Deal For Ground-Air Task Oriented Radar
  • Textron Systems Achieves Success In US Army Tests Of FCS Technologies
  • LockMart And Gibbs Tech Develop High Speed Amphibious Military Vehicles

  • The content herein, unless otherwise known to be public domain, are Copyright 1995-2006 - SpaceDaily.AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA PortalReports are copyright European Space Agency. All NASA sourced material is public domain. Additionalcopyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement