China and US Financial Working Team holds meeting on Wednesday

Following the conclusion of the fourth meeting of the Financial Working Group between China and the US in Washington on Wednesday, the Chinese Finance Ministry said that China expressed concern over the US economic and trade restrictions against China and made further responses on the issue of production capacity.

Meanwhile, the People’s Bank of China (PBOC) said that “both sides conducted professional, pragmatic, candid and constructive communication on monetary policy and financial stability, financial regulatory cooperation.”