China, US will further enhance economic policy coordination: China finance minister

By: |
Beijing | Published: June 6, 2016 2:48:47 PM

China and the United States will further enhance macroeconomic policy coordination, China finance minister Lou Jiwei said on Monday.

China will continue to implement a proactive fiscal policy and prudent monetary policy, Lou said in remarks at the Strategic and Economic Dialogue talks in Beijing. (Reuters)China will continue to implement a proactive fiscal policy and prudent monetary policy, Lou said in remarks at the Strategic and Economic Dialogue talks in Beijing. (Reuters)

China and the United States will further enhance macroeconomic policy coordination, China finance minister Lou Jiwei said on Monday.

China will continue to implement a proactive fiscal policy and prudent monetary policy, Lou said in remarks at the Strategic and Economic Dialogue talks in Beijing.

There should not be too much worry about another U.S. interest rate hike, despite the fact that it could have a broad impact on financial markets, Lou said, adding that the U.S. economic recovery remains fragile.

Do you know What is Cash Reserve Ratio (CRR), Finance Bill, Fiscal Policy in India, Expenditure Budget, Customs Duty? FE Knowledge Desk explains each of these and more in detail at Financial Express Explained. Also get Live BSE/NSE Stock Prices, latest NAV of Mutual Funds, Best equity funds, Top Gainers, Top Losers on Financial Express. Don’t forget to try our free Income Tax Calculator tool.

Next Stories
1Road valuations jump as toll collections soar, but inflation a dampener
2Indian oil majors, Russia’s Rosneft to ink $3-3.5 bn deals for Siberia field stake
3Conditions favour monsoon onset in Kerala in 2-3 days: IMD