China, EU hold financial dialogue in Beijing
Updated: 2006-05-16 06:18 Financial officials of China
and the European Union on Monday exchanged their views on the macroeconomic
situations in China and EU, fiscal, monetary and foreign exchange policies.
They also discussed financial reforms, regulatory policies in the two
economies and issues concerning accounting standards.
Jin Renqing, Chinese minister of finance, and Charlie McCreevy, commissioner
in charge of the Internal Market and Services of the European Union, were among
those officials attending the one-day meeting, known as the second round of
Sino-EU Financial Dialogue.
Zhu Guangyao, director general of the International Department of the
Ministry of Finance, said the dialogue is very important as EU and China are two
economies of global impact. The EU is China's biggest trading partner while
China is now the second biggest trading partner of EU, said the official.
The dialogue will help each other deepen mutual understanding in both the
macroeconomic and financial sectors and expand cooperation to add new vitality
to the Sino-EU strategic partnership, said the official.
China and EU launched their financial dialogue mechanism on February 22,
2005, creating a new channel of regular policy dialogues in macro-economic, and
financial sectors as major supplements to similar dialogue mechanisms China set
up with major EU member nations, the ministry said in a statement.