Financial officials of China and the European Union held a
dialogue in Beijing on Monday to exchange views on the
macroeconomic situations in China and EU, fiscal, monetary and
foreign exchange policies.
Also discussed were financial reforms, regulatory policies in
the two economies and issues concerning accounting standards.
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Jin Renqing, China's Minister of Finance, and
Charlie McCreevy, commissioner in charge of the Internal Market and
Services of the EU, were among those officials who attended the
one-day meeting, known as the second round of Sino-EU Financial
Dialogue.
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Zhu Guangyao, director general of the International Department of
the Ministry of Finance, said the dialogue was very important
because the EU and China are two economies of global significance.
The EU is China's biggest trading partner while China is now the
EU's second biggest trading partner.
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The aim of the dialogue was to deepen mutual understanding in both
the macroeconomic and financial sectors and expand cooperation to
add new vitality to the Sino-EU strategic partnership, Zhu
said.
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China and the EU launched their financial dialogue mechanism on
February 22, 2005, creating a new channel of regular policy
dialogues in the macroeconomic and financial sectors as major
supplements to similar dialogue mechanisms that China has set up
with individual major EU member nations, according to a statement
from the ministry.
(Xinhua News Agency May 16, 2006)