China and Russia pledged to strengthen financial and economic cooperation during their 11th ministerial dialogue in Beijing, highlighting plans for joint action in global governance and multilateral institutions.
Chinese Finance Minister Lan Fo’an and his Russian counterpart Anton Siluanov co-chaired the 11th China–Russia Financial Ministerial Dialogue in Beijing on Tuesday, reaffirming both nations’ commitment to deeper fiscal and macroeconomic cooperation.
According to an official statement, the two sides held in-depth discussions and reached broad consensus on issues ranging from the macroeconomic situation and policy coordination to sub-national fiscal management, think tank exchanges, and joint engagement within the frameworks of the G20, BRICS, and other multilateral financial institutions.
Lan said China was willing to “conduct in-depth exchanges with Russia on the macroeconomic situation and policies of both countries, so as to promote and support each other’s development and rejuvenation, and inject stronger impetus into global development.”
He added that China is ready to advance financial and economic policy coordination with Russia “to achieve a higher level of mutual benefit and win-win outcomes,” while also working together to promote a fairer global economic governance system.
The minister underlined that China and Russia are key trading partners, expressing readiness to enhance cooperation in finance, taxation, securities, and insurance.
Lan also said Beijing stands prepared to cooperate with Moscow in implementing the Global Governance Initiative, supporting the New Development Bank (NDB) and ensuring the stable operation of the Asian Infrastructure Investment Bank (AIIB). He further called for accelerating the establishment of a Shanghai Cooperation Organization (SCO) Development Bank.
Officials from both countries’ financial departments attended the meeting, which reaffirmed Beijing and Moscow’s growing coordination in economic policy and global financial institutions.
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Start your day informed with AnewZ Morning Brief: here are the top news stories for the 28 January, covering the latest developments you need to know.
Storm Chandra brought severe flooding and widespread disruption to parts of Ireland and Northern Ireland on Tuesday, as strong winds and heavy rain swept across the island.
The S&P 500 edged to a record closing high on Tuesday, marking its fifth consecutive day of gains, as strong advances in technology stocks offset a sharp selloff in healthcare shares and a mixed batch of corporate earnings.
The death toll from nationwide protests in Iran has climbed to 6,126, according to the U.S.-based Human Rights Activists News Agency (HRANA).
NATO Secretary General Mark Rutte said on Monday that Europe is "incapable" of defending itself alone without the United States, dismissing calls for a separate European defence force and stressing that transatlantic cooperation remains essential for the continent’s security.
France’s National Assembly has approved a bill banning access to social media for children under 15, a move backed by President Emmanuel Macron and the government as part of efforts to protect teenagers’ mental and physical health.
Israel has recovered the remains of the last remaining hostage held in Gaza, the military said on Monday, fulfilling a key condition of the initial phase of U.S. President Donald Trump's plan to end the war in the Palestinian territory.
Ongoing attacks on Ukrainian cities “undermine the credibility of the recent trilateral talks.” That’s political analyst Orkhan Nabiyev's assessment of the peace talks in Abu Dhabi on 23-24 January, attended by representatives of Ukraine, Russia, and the United States.
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Spain’s Socialist-led government presented a draft decree on Tuesday to expedite legal status for hundreds of thousands of undocumented immigrants.
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