China's Finance Minister Jin Renqing and Governor of People's Bank, the central bank, Zhou Xiaochuan, held informal talks in Washington Friday with their counterparts of the Group of Seven industrial countries, the first such talks between China and the G7.

During the talks, which were initiated by the G7, the two sides had a frank exchange of views on major issues concerning the global economy, the macroeconomic policies of major developed countries and the economic situation in China.

Both sides expressed belief that regular talks of such kind will help deepen understandings and increase consensus between countries at different development stages.

Such talks will also help promote cooperation between those countries on the basis of equality, and reflect different demands of those countries in international economic policy coordination, they added.

Source: Xinhua