Fifth China-India Financial Dialogue boosts cooperation

Edited and translated by People's Daily Online

Beijing, Nov.11 (People's Daily Online) --The fifth China-India Financial Dialogue was held in New Delhi, India's capital, on Nov. 8. China's Assistant Minister of Finance Wang Bao'an co-chaired the opening ceremony of the dialogue with R Gopalan, secretary of India's Department of Economic Affairs.

Senior officials from China's Ministry of Finance attended the dialogue, along with officials from the Ministry of Foreign Affairs, the People's Bank of China and the Chinese embassy in India as well as officials from India's Ministry of Finance, Ministry of External Affairs, the Reserve Bank of India and the Indian embassy in China.

During the one-day dialogue, the two sides carried out in-depth discussions on international and domestic macro-economic situations and policies, the coordination among the G20 and inside other international financial organizations, as well as closer cooperation between the financial institutions and regulators of the two countries.

Both sides reached consensus on certain major issues, which will greatly boost bilateral financial cooperation and strengthen China-India strategic partnership.