Frankfurt holds China-Germany High-level Financial Dialogue

Frankfurt, The Gulf Observer: The third China-Germany High-level Financial Dialogue was held in Germany’s Frankfurt on Sunday, with the two sides vowing to promote bilateral cooperation in the field of finance.

He Lifeng, vice premier of the Chinese State Council, co-chaired the dialogue with Christian Lindner, Germany’s federal minister of finance.

During the talks, He said China is willing to work with Germany to implement the important consensus reached by the two leaders, deepen mutually beneficial and win-win cooperation, and inject more positive energy into developing an all-round strategic partnership between China and Germany.

Lindner said Germany is willing to strengthen practical cooperation with China in the field of finance and promote the sustained development of German-Chinese relations.

The two sides carried out in-depth communication and exchanges around the macroeconomic situation and global economic governance and China-Germany financial cooperation, and reached a series of mutually beneficial and win-win results and consensuses.

He and Lindner also attended the China-Germany Financial Roundtable.

According to a joint statement released after the dialogue, China and Germany committed to opposing trade protectionism, promoting an open world economy and upholding the rules-based, non-discriminatory, transparent, open and inclusive multilateral trading regime with the WTO at its core.

The two countries agreed that economic cooperation is beneficial to China and Germany, and that strengthening bilateral economic relations will help realize complementarity of advantages.

The two sides are committed to working together to expand two-way market access and deepen sustainable trade and investment cooperation on the basis of fair competition, the statement read.

They also vowed to continue to maintain close cooperation in addressing and combating cross-border tax evasion.