China and US officials see global economic recovery, seek continued joint efforts

October 3rd, 2009 ISTANBUL - Finance ministers and central bank heads from the world's seven major industrial powers were meeting Saturday, less than two weeks after being relegated to a side role in future global economic talks. The Group of Seven (G7) nations were coming together on the sidelines of the International Monetary Fund and World Bank's annual meetings in Istanbul.

September 30th, 2009 Wal-Mart warns of lethargic economic recoveryKUALA LUMPUR, Malaysia — The chairman of Wal-Mart Stores Inc. warned Wednesday the global economic recovery will likely be lethargic, even as the retailing behemoth sees great growth potential in China and India.

September 5th, 2009 G-20 pledge continued economic stimulusLONDON — The Group of 20 rich and developing countries have pledged to carry on with measures to boost the global economy, despite signs of a fledging recovery. At the end of a meeting here Saturday, G-20 finance officials also promised a crackdown on bankers' pay and committed to giving developing countries a greater say in international financial regulation.

September 5th, 2009 British leader urges G-20 against complacencyLONDON — British Prime Gordon Brown has called on Group of 20 leaders to commit to continued efforts to boost global growth, saying that the world economy is at a "critical juncture." Addressing finance officials from the G-20 rich and developing countries at the start of their talks here on Saturday, Brown said that cooperation on the path ahead was essential. The G-20 is convening in the British capital amid mounting signs of at least a modest economic upturn.

July 28th, 2009 Geithner says US and China seeking stabilityWASHINGTON — Treasury Secretary Timonthy Geithner (GUYT'-nur) says the United States and China are committed to building a more stable and balanced global economy. Geithner said in prepared remarks Tuesday that the two countries were determined to lay a foundation for more balanced growth once an economic recovery is firmly in place.

July 27th, 2009 US, China tout mutual goals in economic recoveryWASHINGTON — Chinese Vice Premier Wang Qishan says he's confident the world economic crisis is easing and his government has high expectations for even more progress in high-level talks this week with U.S. officials. Following Secretary of State Hillary Rodham Clinton in kicking off the rare high-level talks for the Washington talks, Wang said he believes the global economy "is at a critical moment of moving out of crisis and into recovery." Treasury Secretary Timothy Geithner welcomed Qishan and some 150 Chinese to the talks Monday morning, saying China has gone through a remarkable economic "transformation." He said Beijing and Washington "have acted together" to help the world recover from the financial slump and that it's time to design a "green global economy." THIS IS A BREAKING NEWS UPDATE.

July 27th, 2009 WASHINGTON - Relations between the United States and China will be critical to success on a whole host of global issues, US President Barack Obama said Monday at the start of a two-day gathering of top officials from both countries. "The relationship between the United States and China will shape the 21st century," Obama said in Washington, urging progress on confronting the global economic crisis, climate change, nuclear proliferation and terrorism.

July 27th, 2009 WASHINGTON - Top US and Chinese officials Monday launched a "Strategic and Economic Dialogue" here to address key issues ranging from their response to the global financial crisis, climate change and nuclear proliferation to threat from extremists. President Barack Obama, Secretary of State Hillary Clinton, Secretary of Treasury Timothy Geithner, Chinese Vice Premier Wang Qishan and Chinese State Councilor Dai Bingguo each addressed the opening session of the two-day meeting.

July 22nd, 2009 APEC extends pledge to raise no new trade barriersSINGAPORE — A group of Pacific Rim countries, including the U.S., China and Japan, extended by a year an agreement to raise no new barriers to trade and investment. Trade officials from 21 members of the Asia-Pacific Economic Cooperation, known as APEC, said Wednesday that the nonbinding commitment, which was first made in February 2008 and now runs through 2010, was designed to thwart possible protectionist measures from undermining economic growth and regional integration.

July 8th, 2009 L'AQUILA, Italy — The White House says it's not quite time for industrialized nations to pull the plug on economic stimulus efforts. Economic adviser Mike Froman said Wednesday that world leaders gathered at a G-8 summit in Italy will seek a balance between continuing to stimulate sluggish economies and looking for exit strategies.

June 18th, 2009 BEIJING - The World Bank Thursday raised its forecast for China's annual economic growth to 7.2 percent, saying the country is posting "respectable" growth fuelled by the government's four-trillion-yuan ($590 billion) spending package. "While China's economy has continued to feel the brunt of the global crisis, very expansionary fiscal and monetary policies have kept the economy growing respectably," the bank said in a quarterly report on China.

June 17th, 2009 China says economy improving but recovery not firmBEIJING — China's top economic official said Wednesday the economy is showing positive changes but the basis of a recovery is not stable and the country should prepare for long-term difficulties, a state news agency reported. Premier Wen Jiabao's comments at a Cabinet meeting reflected government efforts to reassure its public and encourage consumers and companies to stimulate growth by spending more while also warning against complacency.

June 15th, 2009 NEW DELHI - Global economic recovery was closely linked to the success of the economies of the four BRIC countries (Brazil, Russia, India and China), Prime Minister Manmohan Singh said Monday before leaving for the Russian city of Yekaterinburg to attend a summit of the grouping. Stressing that the four countries would play a crucial part in overcoming the ongoing economic slowdown, the prime minister said: The countries of Brazil, Russia, India and China (BRIC) together account for 40 percent of the world's population and 40 percent of global GDP.

June 9th, 2009 MONTREAL - World Bank President Robert Zoellick said Monday the Chinese economy is likely to make a strong comeback which will help pull the world economy out of recession. Zoellick made the comments in a question-and-answer session at the ongoing four-day International Economic Forum of the Americas in Montreal.

April 25th, 2009 Finance officials at odds over IMF funding planWASHINGTON — Finance officials are pledging to keep the momentum going in their efforts to combat a severe global downturn but have hit a stumbling block in differences over how to boost the resources of the International Monetary Fund. The debate underscored what could be a growing divide within the 185-nation IMF, with emerging economic powers such as China, Russia, Brazil and India insisting that old-line powers such as the United States, France and Britain listen to their ideas on different funding approaches for the IMF.