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China and the G7
HOME > PAST ISSUE > COVER STORY [Premium content]November 2004
The G7, the Group of Seven rich country club, will be 30 years old next year.
It first convened in a French chateau in 1975 - when the Cultural Revolution was in its fag end phase and China was an economic basket case. Anyone who suggested then that the People's Republic of China might one day become the world's seventh largest economy and a member of this economic elite, would have been dismissed as a daydreamer.
At first, only national leaders met; then meetings were held at the ministerial level - finance and trade initially. It was a G5 Club, then ...
At first, only national leaders met; then meetings were held at the ministerial level - finance and trade initially. It was a G5 Club, then ...
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