25 Feb '11, 8pm

G-20 Monetary Seminar will be held in Nanjing on 31 March 2011.

PARIS - CHINA is going ahead with a G-20 seminar on March 31 to develop ideas on reshaping the global monetary system, but has moved it to the city of Nanjing, near Shanghai, a French government source said on Friday. The Chinese-hosted gathering of academics, economists, central bankers and finance ministers, previously planned for the city of Shenzhen, will give a symbolic push to one of the key planks of France's Group of 20 presidency. French President Nicolas Sarkozy, who wants a fully fledged debate under his G-20 stewardship on how to improve on an outdated Bretton Woods system, is expected to open the seminar. It is unclear how many finance ministers will attend, but representatives of non-G-20 countries with key roles in currency markets, like Switzerland, are likely to be present. 'China has invited all the ministers and central bankers,'the source said. 'It's no...

Full article: http://www.straitstimes.com/BreakingNews/Asia/Story/STISt...

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