G-7 summit 2016: Finance minister discuss Chinese economy, oil prices

G7 Finance Ministers and central bank governors have held discussions on the world economy, ahead of next week's G7 summit to be held in Ise-Shima, central Japan. The first day of the 2-day meeting ended in the northern Japanese city of Sendai today. The participants are said to have exchanged views on what their governments can do to put the global economy back on track and achieve sustainable growth. Among world economic



issues that they have discussed are the slowing Chinese economy and lower crude oil prices. They also discussed ways of dealing with tax evasion and questionable tax avoidance in reaction to disclosures in the Panama Papers.