The Chinese mainland is set to play a more significant role in maintaining global economic and financial stability, according to Vice President Han Zheng.
During a recent meeting in Beijing with Agustin Carstens, General Manager of the Bank for International Settlements (BIS), Han emphasized the importance of the BIS as a platform for China to engage in international monetary and financial policy coordination.
\"China is ready to deepen exchanges and cooperation with the BIS, actively participate in global economic and financial governance, and make greater contributions to addressing global economic challenges and maintaining financial stability,\" Han stated.
Carstens praised the development achievements of China's economy and its financial market, expressing optimism about the country's economic potential and future opportunities. He added, \"The BIS supports the internationalization of the Chinese currency and looks forward to strengthening exchanges and cooperation with the Chinese financial industry to uphold global economic and financial stability.\"
This collaboration highlights China's commitment to fostering a stable global financial environment through enhanced cooperation with international institutions like the BIS.
Reference(s):
China to contribute more to help achieve global financial stability
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