China’s economic numbers are very opaque and therefore remain suspect. Much more transparency should be required before elevating them to G7 status. O’Neil knows that, he’s just trying to sell Goldman to the PRC.
What kind of message are we sending to the world with the G7? China's GDP is bigger than Germany, the UK, France, Italy, and Canada put together, says Jim O'Neill.pic.twitter.com/HeNCeQ6K06
Watch Jim O'Neill's remarks in full
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From the presentation, the real challenges facing the world seem to be essentially financial - within poorly regulated national and global finance. It may be helpful for Chatham House to put its weight behind international checks and balances on government stewardship first.
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