Chinese Financial Minister Jin
Renqing said in Tianjin
Friday that China is willing to improve economic and financial
cooperation with the world.
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In an exclusive interview with Xinhua prior to the upcoming meeting
of the Asian and European financial ministers, Jin said China will
further enhance such cooperation to create a favorable external
condition for the fast, balanced and healthy development of China's
economy and to accelerate the establishment of a fair and
reasonable new international economic order.
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Jin said the future cooperation will focus on four areas, including
improving financial cooperation among Asian countries, promoting
international dialogue on finance and economics through existing
multi-lateral and bilateral mechanisms as well as international
monetary organizations to expand consensus, taking full advantage
of the financial and technological support and intellectual
resources to serve China's economic construction and promoting
reform and development of the multi-lateral financial organizations
like the World Bank.
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With the growth of the Chinese economy, China has been increasingly
active in joining international economic and financial exchanges
and cooperation.
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In October 2004, China held its first informal ministerial-level
dialogue with the financial ministers of the Group of Seven. On
June 11, Jin joined the dialogue between the financial ministers of
the Group of Eight and four developing countries including China,
India, South Africa and Brazil.
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In the area of bilateral cooperation, Jin said China also made
significant progress. He said in addition to the China-Britain and
China-US dialogue mechanism established years ago, he and his
German and French counterparts also kept regular visits to
each
other.
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Besides, the China-Europe, China-India and China-Indonesia dialogue
mechanisms have also been officially initiated, Jin said.
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"China's financial cooperation with Asian countries also developed
smoothly, which helped create favorable conditions for developing
economic cooperation with neighboring countries and boosting
regional cooperation," he said, quoting cooperative mechanisms
including the meeting of financial ministers between ASEAN and
China, Japan and the Republic of Korea.
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Statistics from the Financial Ministry showed that by the end of
2004, international monetary organizations have promised a total of
54 billion US dollars' loan to China and the contract loan from
foreign governments to China has reached US$48.1 billion.
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Leading finance officials from 38 Asian and European countries and
the European Union are expected to gather in northern China's port
city of Tianjin on June 26 to discuss issues concerning the global
economy and closer Asian and European economic cooperation.
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Representatives from the World Bank, the International Monetary
Fund and the Asian Development Bank will also attend the
meeting.
(Xinhua News Agency June 25, 2005)
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