9th India-China financial dialogue held to strengthen ties

9th India-China financial dialogue held to strengthen ties

Agency News

New Delhi, Sep 25: The 9th India-China Financial dialogue was held here on Wednesday on wide-ranging issues of mutual interest to strengthen cooperation in financial sector.

A high-level Chinese delegation led by Ms Zou Jiayi, Vice Minister, Ministry of Finance, People’s Republic of China interacted with the Indian delegation led by Atanu Chakraborty, Secretary, Department of Economic Affairs, Ministry of Finance on wide-ranging issues of mutual interest.

India and China bilateral relationship has entered into a new era after the historic informal summit between Prime Minister of India and China’s President held in Wuhan in April 2018.

The India-China Financial Dialogue is a mechanism between the two countries with an aim to promote cooperation in the financial sector. During this dialogue, both sides had in-depth exchange of views on macroeconomic situation & policy, cooperation in multilateral framework, bilateral investment and financial cooperation.

Both the sides are also committed to promote a favorable environment to enable continuous growth of bilateral trade and investment, strengthen their efforts to promote a more balanced and healthier development of trade and economic cooperation and further enhance the closer development partnership between the two countries, a Finance Ministry statement added.

A Joint Statement was issued at the conclusion of the Financial Dialogue reflecting the mutual understanding and shared vision of both the countries to further strengthen cooperation in the financial sector.

The next round of India-China Financial Dialogue will be held in China. (UNI)