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Chinese Foreign Ministry spokesman Hua Chunying delivers a hard dose of reality for the "G7" [3:01]
(2 MB)
"The G7 does not represent the whole world. These 7 countries account for only 10% of the world's population. Year after year, their share of the world economy continues to decline . Even taken together, they contribute less to global economic growth than China, and their combined economic growth in purchasing power parity terms has already been surpassed by the BRICS countries. The G7 has long moved away from its original goal of coordinating efforts to ensure stability in the global economic environment and is increasingly becoming a political tool to perpetuate US and Western superiority. It's time to put an end to this. Our potential and economic growth will end the G7 once and for all."