Editor in Chief: Moh. Reza Huwaida Wednesday, December 12th, 2018

China, Germany Commit to Financial Cooperation, Rules-Based Multilateral Trade System

China, Germany Commit to Financial Cooperation,  Rules-Based Multilateral Trade System

BERLIN - China and Germany are committed to more financial cooperation and rules-based multilateral trade system, senior officials from the two countries said here Monday.
The remarks were made during a meeting between visiting Chinese Vice Premier Liu He and German Vice Chancellor and Finance Minister Olaf Scholz.
Noting that bilateral ties have maintained good momentum in recent years, Liu said that China and Germany can leverage their complementary advantages, make good use of existing dialogue mechanisms, identify the meeting point of interests, and make steady headway in pragmatic cooperation, so as to benefit the two countries and their peoples.
Briefing the German side on China’s new measures to expand market access for foreign companies in banking, insurance and securities sectors, Liu said China welcomes more German financial institutions to invest and do business in China and called on the German side to take care of those Chinese banks that operate in Germany.
It is in the interests of both China and Germany, Liu said, adding that China expects to learn the successful practices from Germany in areas such as innovation of small and medium-sized enterprises and vocational education.
China and Germany, both as the world’s major economies and responsible major countries, should jointly safeguard the rules of free trade and the multilateral system, he said. (Xinhua)