By The Straits Times | Created at 2026-06-10 08:45:11 | Updated at 2026-06-10 17:01:54
8 hours ago
PARIS, June 10 - French President Emmanuel Macron will chair a video conference on Thursday involving Group of Seven countries and China over how to address global economic imbalances, the Elysee said on Wednesday.
• Global economic imbalances fuelling trade tensions are a major theme of France's G7 presidency, including at a leaders' summit next week in Evian, eastern France.
• The video conference will include representatives of G7 countries and other countries invited to the G7 summit such as Brazil, South Korea, India, Kenya and Egypt as well as China and the International Monetary Fund.
• "This conference shows a new willingness on the part of China, the United States and Europe over taking part in coordinated economic steps," Macron's office said.
• France is using its G7 presidency to push for a shared recognition that each region bears some responsibility for the economic imbalances, with China over-producing, the United States over-consuming and Europe under-investing.
• The G7 includes Canada, France, Germany, Italy, Japan, Britain and the United States, with the European Union also represented at the group's meetings. REUTERS
