BIZCHINA / Top Biz News
China, US discuss closer financial cooperation
(Xinhua)
Updated: 2006-06-10 11:17
Top finance officials from China and the United States met on Friday to
discuss bilateral financial and economic cooperation and agreed to boost
dialogue in this field.
During a meeting with U.S. Secretary of the Treasury John Snow, Chinese
Finance Minister Jin Renqing said cooperation between the Chinese Finance
Ministry and the U.S. Treasury had been fruitful in recent years.
Finance officials will meet at a session of the China-U.S. joint economic
committee later this year to discuss financial and economic cooperation
and financial reforms, Jin said, adding that the discussion should
contribute to the further growth of China-U.S. relations, as was agreed
by the top leaders of the two countries during Chinese President Hu
Jintao's U.S. visit in April.
The Chinese finance minister is here to attend a dialogue on Saturday
between finance ministers of the Group of Eight (G8) leading
industrialized nations and those of six other countries -- China, India,
Brazil, Australia, South Korea and Nigeria.
Snow, for his part, said the economic relationship between the United
States and China was the most important economic relationship in the
world and the smooth development of the ties benefited the people of both
countries.
China was playing an increasingly key role in international affairs and
any discussion between the G8 or G7 and other countries would be
incomplete without China's participation, Snow said.
Earlier in the day, Jin also discussed financial cooperation with Russian
Finance Minister Alexei Kudrin and expressed his hope that China and
Russia could enhance dialogue on microeconomic policy through finance a
ministers' discussion mechanism to boost cooperation between the two
countries.
G8 finance ministers gathered on Friday in this northern Russian city for
a two-day meeting that is expected to focus on discussion on global
economic growth, the impact of oil prices on growth, and energy security.
(For more biz stories, please visit Industry Updates)
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