G7 to discuss oil prices and China

Finance ministers and central bank governors from the Group of Seven industrialised nations will hold a one-day meeting on Friday 1 October in Washington.

The meeting will look at surging oil prices, China's economic outlook and rising global interest rates as potential risks to the steady recovery of the world economy.

Recent solid global economic growth and stability in exchange rates are likely to lead to a more relaxed mood at the talks, part of which will be attended by Chinese Finance Min

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