Finance ministers and central bank governors from the Group of Seven democracies papered over their differences.

Financial ministers and central bank governors from the Group of Seven nations pledged to address “excessive imbalances” in the global economy, a effort clearly aimed at China, though a draft communique seen by Bloomberg News omitted the name of the country.

While China was not named, such references to non-market policies are often aimed at Beijing's state subsidies and export-driven model Finance ministers and central bank governors from the Group of Seven democracies papered over their differences on Thursday,