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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