The Group of Seven (G7) originated in 1975 as the Group of Six (France, West Germany, Italy, Japan, the United Kingdom, and the United States), representing the largest economies in the world. It was joined by Canada in 1976. 

China's 'black box' economy deserves Group of Seven peer scrutiny

China's economy is growing in sync with its opacity. Photo: Reuters

China's thought police have a new target in their sights: economists. The Communist Party's assault on cyberspace and the international media is well known. But now, it is turning on foreign researchers who dare challenge the official narrative that China can grow 7 per cent forever and cannot crash.

Friday, 28 February, 2014, 5:48pm 1 comment

Yen slide continues as G7 signals tolerance

The yen has been falling since late last year, after Japan's newly elected Prime Minister Shinzo Abe made clear his determination to drive down its value. Photo: Reuters

Japanese stocks rose as the yen weakened past 102 against the US dollar, after the Group of Seven signalled tolerance for the currency's drop.

14 May 2013 - 3:32am

Danger signs for the global economy

Japanese Prime Minister Shinzo Abe. Photo: Xinhua

While people fret about a potential shooting war between three of the world's largest economies in the East China Sea, the real danger may be a currency war in which all three countries will be key players.

25 Feb 2013 - 2:52am

Group of Seven leaders will not use currencies to wage 'economic warfare'

Japan's finance minister, Taro Aso (centre), chats with South Korean Central Bank Governor Kim Choong-soo at the G20 meeting. Photo: AP

G20 finance ministers yesterday moved to calm fears of looming "economic warfare" on the currency markets, pledging they would not target specific forex rates or devalue currencies to make them more competitive.

17 Feb 2013 - 6:07am

Women helping one another will help Asia to grow

In the next 50 years, most economic growth worldwide will take place outside the G7 countries. But that's only half the story. Who are the people who will be the driving force for this growth? Many will be women.

4 Dec 2012 - 3:36am

Every Nation for Itself: Winners and Losers in a G-Zero World

Every Nation for Itself: Winners and Losers in a G-Zero World by Ian Bremmer Portfolio

The movie The Iron Lady is a nostalgic look at an age when strong leaders such as Britain's Margaret Thatcher could change the course of history. Now, few politicians command the same kind of power and support as she to push through unwelcome but necessary policies.

25 Mar 2012 - 12:00am

A G7 that includes China would carry more weight

While the mainland and Hong Kong stock markets have been closed for the Lunar New Year, the news from global financial markets has not, on balance, made for relaxed holiday reading. In the United States and Europe there were signs that turmoil in the credit markets is far from over, as investors liquidated holdings in corporate and commercial-property debt.

10 Feb 2008 - 12:00am

China in G7?

Should China - whose officials joined a meeting of G7 finance ministers and central bankers for the first time at the weekend - be invited to join the top industrialised nations' Group of Seven? Share your views: write to us.

5 Oct 2004 - 12:00am

G7 is right in bringing China to the table

The plan to include China's top finance officials at next month's Group of Seven meeting is recognition of how impossible it has become to co-ordinate global economic policy without input from Beijing.

24 Sep 2004 - 12:00am

Chinese officials invited to attend G7

For the first time, the finance minister and central bank governor will meet their counterparts in Washington

High-level Chinese officials will take part for the first time in a meeting of the Group of Seven countries in Washington next month, the Foreign Ministry said yesterday.

24 Sep 2004 - 12:00am

G7 benchmark too low even for Legco

QUOTE OF THE week award this week goes to French President Jacques Chirac who, according to our front page yesterday, wants 'more vocal commitments' to bridging the gap with impoverished parts of the world.

20 May 2003 - 12:00am

Upbeat forecast

The world's stock markets may not respond with great enthusiasm when they open today, but the weekend meeting of finance ministers from the G7 group of industrial nations came to some moderately optimistic conclusions about the state of the global economy. If they have it right, investors and traders everywhere should relax a little.

19 Feb 2001 - 12:00am

Weighty problem

THE world's seven leading industrialized nations unveiled long-awaited financial market reforms aimed at drastically reducing the chances of crises breaking out in future, and making the private sector more accountable if turmoil strikes.

20 Jun 1999 - 12:00am