Published December 16,2024
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The China-U.S. financial working group met for the seventh time on Monday in Johannesburg, South Africa‘s largest metropolis and the capital of Gauteng province, to interact in candid and constructive discussions about macroeconomic insurance policies and world challenges.
The talks targeted totally on enhancing cooperation to assist low-income international locations grappling with liquidity points and advancing governance reforms in multilateral improvement banks, in keeping with China’s Finance Ministry.
The Chinese delegation additionally clarified its stance on financial and commerce issues, expressing considerations over latest U.S. financial and commerce restrictions on China, the ministry stated.
These discussions come after remarks by U.S. Treasury Secretary Janet Yellen, who urged the subsequent U.S. administration to keep up the dialogue channels she had re-established with China, stressing the significance of communication between the world’s two largest economies.
Yellen emphasised that these communication channels are essential for addressing shared considerations, corresponding to world monetary stability, whereas additionally offering the U.S. a possibility to boost points like China’s macroeconomic imbalances, industrial overcapacity, and its corporations’ assist for Russia’s conflict in Ukraine.
The conferences additionally function a platform to clarify U.S. insurance policies and forestall misunderstandings that would exacerbate tensions.
Source: www.anews.com.tr