By South China Morning Post | Created at 2024-10-31 16:11:44 | Updated at 2024-10-31 19:32:00
3 hours ago
US Treasury Secretary Janet Yellen has met with China’s deputy central bank governor Xuan Chengneng in Washington this week to discuss coordination on financial market monitoring and money laundering.
The talks this week marked a continuation of the sixth meeting of a bilateral economic working group and took place on the sidelines of the annual meetings of the World Bank and International Monetary Fund.
They also followed Yellen’s meeting last week with China’s vice-minister of finance Liao Min, covering Beijing’s most ambitious stimulus measures since the coronavirus pandemic and addressing other macroeconomic issues.
Discussions about the stimulus continued during Yellen’s talks with Xuan, which was co-led by her assistant secretary for international affairs Brent Neiman.
According to a Treasury statement on Thursday, Neiman and Xuan “also received readouts from … technical exercises on international macroeconomic data reporting, strengthening communication in the event of banking stress, and climate and insurance risk”.
