G7 — Statement

Part of the debate – in the House of Lords at 4:58 pm on 10th June 2015.

Alert me about debates like this

Photo of Baroness Stowell of Beeston Baroness Stowell of Beeston Leader of the House of Lords and Lord Privy Seal 4:58 pm, 10th June 2015

I do not think that my noble friend is suggesting that we are at the point where we might extend the G7 to include China. But he is right about China being so important to the future prosperity and security of the world at large. Again, this is an area where we have been very much in the forefront in recognising the growing importance of China. Before the general election, the UK was the first G7 country to join the AIIB, which is the new Chinese version of the World Bank. Because of our leadership there, other G7 countries have joined that bank.