UK, China plan cooperation on global economy

Britain and China agreed on Monday 21 February to work together to address the macroeconomic and structural challenges of the global economy.

The two countries, which currently hold the presidencies of the G7 and G20 groups of nations, said they would present a policy paper on the global economy at the G20 meeting in October, after a meeting in Beijing of their finance ministers, Gordon Brown and Jin Renqing.

"This paper will analyse the global economic challenges that we are facing, identify

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