People's Republic of China, though not a G7 industrialised nations member, is expected to loom large, with the minister and central bankers to press Beijing to further ease controls of the Renminbi. The agenda of the meeting is about what will be seen as dangerous imbalances in the global economy. The United States has run up massive accounts and budget deficits, export-led surpluses are developing in Asia. It also marks the debut to the G7 meetings, that is United States Treasury Secretary Henry Paulson, who was formerly the chairman and chief executive officer of Goldman Sachs. The United States wants the fight against terrorism and nuclear proliferation to be included on the agenda. The Program of Seminars opens on this day and runs for two days. The G24 ministers meeting will be held at SSICEC as well as the Program of Seminars.
