Translation. Region: Russian Federal
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
BEIJING, June 12 (Xinhua) — The central banks of China and the European Union have vowed to strengthen cooperation amid a complex and volatile international environment.
The corresponding intention was voiced at the first annual meeting of the governors of the People’s Bank of China (PBOC) and the European Central Bank (ECB), which was co-chaired in Beijing on Wednesday by PBOC Governor Pan Gongsheng and ECB President Christine Lagarde.
The meeting included an in-depth exchange of views on topics such as the financial and economic situation in China and the eurozone, reform of the international monetary system and global financial regulation, as well as key areas of cooperation between the two central banks.
The parties signed a memorandum of understanding on cooperation between the PBOC and the ECB, which provides for the establishment of a mechanism for annual meetings at the level of the heads of state, as well as further improvement of the cooperation framework in such areas as information sharing, communication on central bank policies and technical cooperation.
Pan Gongsheng assured that China remains committed to advancing high-quality development through high-level opening-up and is willing to strengthen coordination and cooperation with other economies including the EU to jointly tackle global challenges.
He also stressed that the PBOC expects to continue to maintain exchanges and cooperation with the ECB, effectively making use of the mechanism of the executive meetings as an important platform to strengthen policy communication and advance the cooperation between the two financial institutions to a new height.
For her part, K. Lagarde pointed out the importance of deepening Chinese-European cooperation, noting that the signing of the memorandum of understanding is a confirmation of the ongoing dialogue with the PBOC. –0–