China and the United States have agreed to enhance communication on economic and financial matters, aiming to promote balanced economic growth for both nations and the world. The consensus was reached under the frameworks of the China-U.S. economic and financial working groups, according to China’s Ministry of Finance on Monday.
The two sides will continue exchanges on critical issues such as financial stability, sustainable finance, and anti-money laundering. The fourth meetings of the two working groups are scheduled to be held separately during the spring meetings of the World Bank and the International Monetary Fund (IMF) in Washington in mid-April.
Deputy Finance Minister Liao Min briefed the media on U.S. Secretary of the Treasury Janet Yellen’s visit to China. He highlighted that Chinese officials held talks and exchanges with Secretary Yellen on multiple levels and fields, enhancing mutual understanding and laying the groundwork for future cooperation.
“Both sides agreed to implement the important consensus reached by the two heads of state, continue to strengthen communication and cooperation in the economic and financial fields, create a sound environment for two-way trade and investment, and promote the healthy and stable development of China-U.S. economic relations,” said Liao.
The renewed commitment to dialogue reflects a mutual recognition of the importance of collaboration in addressing global economic challenges. By fostering open communication channels, China and the United States aim to contribute to global financial stability and support sustainable economic growth.
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China, U.S. agree to communicate on economic, financial issues
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