(Niigata City Comprehensive Electric) The Minister of Finance of the Seventh Kingdom Group (G7) issued a joint bulletin to warn the uncertainty of the global economy intensified, and countries must respond carefully.G7 is preparing to launch a plan to realize the diversification of global supply chain this year.
The three -day meeting of Treasury Secretary held in Niigata City, Japan ends on Saturday (May 13).= "https://www.zaobao.com/keywords/e-wu-zhan- zheng" rel = nofollow target = _blank> Russia and Ukraine War and related inflation pressure. However, the current global economic outlook is notDetermining sexual continuous exacerbation, countries must increase their vigilance and implement flexible macroeconomic policies. "
For the banking crisis, the communiqué said that decision makers will resolve information, regulatory and rules in the banking system.The financial ministers of various countries have retained the evaluation made in April, that is, the global financial system is "tough" because the results of regulatory reforms were carried out after the global financial crisis in 2008.
According to the communiqué, the central bank of the G7 countries warned that inflation is still "high", emphasizing that they will be committed to prompting price stability and ensuring that inflation is effectively controlled.
The global supply chain must be diversified
Another focus of joint communiqué is the global supply chain.G7 Treasury Secretary believes that the vulnerability exists due to the high concentration of the current supply chain should be resolved as soon as possible. They agreed to start a new plan within this year to realize the diversification of global supply chain.One of the methods is that the G7 provides substantial assistance to low -income countries so that they can play a greater role in energy -related products, such as in refining minerals and processing manufacturing components.
G7 officials have recently released the wind, saying that when the G7 national leaders attend the summit next week, they will further discuss the establishment of " Raw Material Club " to reduce dependence on China supply to China.
In addition, G7 reiterates to condemn Russia to invade Ukraine and promise to strengthen monitoring of cross -border transactions in Russia and other countries.The communiqué said: "We call for an immediately ending Russia's illegal war against Ukraine to eliminate one of the biggest uncertainties in this global economic prospect."
G7 invites the financial ministers of emerging economies such as India, Brazil and Indonesia to attend the meeting, the first time since 2009.
British Treasury Secretary Hunter told the media after the meeting that the G7 Treasury Secretary conducted a "very frank and public discussion" about the current challenges.
He said that countries agree that the relationship with China should be "risky"."No one talks about not to trade with China, not export to China, and not imported from China, but we really have to make sure not to rely too much on to become fragile."
He admits that the difficulty to achieve this is how to formulate specific measures to ensure that countries do not rely too much on China.In addition, Britain strongly believes that no matter what measures are taken, the world must be avoided to return to "protectionism".
