US, China agree to cooperate on financial stability
Agreement part of meeting last week - People's Bank of China (Il Sole 24 Ore Radiocor) - New York, 19 Aug - The US and China signed agreements last week for cooperating on financial stability, according to a People's Bank of China readout.
The agreement was part of a meeting of the US-China Financial Working Group in Shanghai late last week.
According to a CNBC translation of the Chinese statement, the conversation was 'professional, pragmatic, candid and constructive." Topics discussed included capital markets, cross-border payments and the two countries' monetary policy, the PBOC readout said.
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(RADIOCOR) 19-08-24 14:15:37 (0265) 5 NNNN