Home / Business / Business Highlights Tools: Save | Print | E-mail | Most Read | Comment
China, Japan working together to overcome US loan crisis
Adjust font size:

In advance of Chinese President Hu Jintao's visit to Japan, the financial ministers from China and Japan participated in the Second Finance Dialogue yesterday in Tokyo. The ministerial talks show that Chinese and Japanese governments are expected to work together to cope with the sub-prime lending crisis in the United States, ensuring Asia's financial and economic stability.

Chinese Finance Minister Xie Xuren and his Japanese counterpart Fukushiro Nukaga have participated in plenary talks, small-scale dialogue and integrated financial dialogue.

The US loan crisis has become the major discussion topic of the second Sino-Japanese Finance Dialogue.

Japan Finance Minister Fukushiro Nukaga admitted that the US crisis has severely affected Japan's economy, resulting in the sharp appreciation of the Japanese yen and the plummeting of the Tokyo stock market. In the long run, Japan's economy will face difficulties.

He called on an immediate information exchange mechanism to be established between Japan and China, in order to take coordinated steps to jointly deal with the mortgage crisis in the United States and secure Asia's financial security.

For more details, please read the full story in Chinese (http://www.china-cbn.com/s/n/000002/20080324/020000074528.shtml).

(China.org.cn March 24, 2008)

 

Tools: Save | Print | E-mail | Most Read
Comment
Pet Name
Anonymous
China Archives
Related >>
- Impact of subprime crisis to persist 2 to 3 years
- China should be cautious of US subprime crisis
- US subprime crisis has limited impact on China's economy
- Direct impact of US subprime crisis on Chinese banks slim
Most Viewed >>
- Fleeing investors prompt China to review foreign capital use
- COSCO Shipping reports 2007 net profit up 84%
- Aviation oil supplier recovers from losses
- Chinese export food factories open to Japanese media
- A deal or a steal?

May 15-17 Shanghai Women's Forum Asia

Dec. 12-13 Beijing China-US Strategic Economic Dialogue

Nov. 27-28 Beijing China-EU Summit

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?