Chinese Finance Minister Xie Xuren Saturday called on the world's top industrialized nations to make efforts to ensure the stability of world economy and global financial markets during a discussion in Tokyo.

"The international community should work together to overcome the challenges and ensure the stability of world economy and global financial markets," Xie said at an expanded discussion with the financial leaders of Group of Seven (G7) nations following their one-day gathering.

Xie noted that the leading industrialized nations should implement timely and effective measures and take the responsibility of maintaining world economic stability.

During the discussion with the G7 finance ministers and central bank governors as well as those from South Korea, Indonesia and Russia, Xie said that China will continue its efforts to keep and boost the domestic economy growth and in this way contribute to the health of the regional and global economy.

The minister also suggested that the International Monetary Fund (IMF) play a more important role in buoying world economy woes.

Major developed nations and the emerging economies should hold timely and effective policy dialogues and coordination and join hands in tackling global challenges, he said, noting that China is ready to contribute to global economic stability and sustainable development.

The officials also discussed challenges to the emerging economies by the slowdown of developed nations' growth, as well as the soaring price of raw materials in the international market.

Prior to the discussion, financial leaders from Britain, Canada, France, Germany, Italy, Japan and the United States held a meeting in Tokyo and agreed to take individual and collective action to secure stability and growth of world economy.

Xie also held talks with his Canadian, British and Indonesian counterparts in the day over matters of mutual concerns.

(Xinhua News Agency February 10, 2008)