China, France to deepen economic, financial cooperation

BEIJING, Dec. 1 (Xinhua) -- Senior officials from China and France on Friday agreed to expand cooperation on a wide range of economic and financial issues during the 5th High-Level Economic and Financial Dialogue.

The two countries will move forward on macroeconomic policy cooperation and global economic governance, and reinforce trade, investment and financial collaboration, according to a joint fact sheet released by China's Ministry of Finance.

The two sides will also join hands on tackling global challenges related to climate finance and infrastructure investment financing.

The two countries reaffirmed the importance of the G20 commitment on exchange rates, including to refraining from competitive devaluation, and will push for the removal of all practices which distort trade.

Communication and cooperation will be strengthened in export controls to assist high-tech trade, according to the fact sheet.

The two countries also agree to strengthen cooperation under the framework of the Asian Infrastructure Investment Bank (AIIB), and commit to building the AIIB into a 21st century multilateral development bank, together with other members.

Other fields listed for further cooperation include the digital economy, bond market, green industry and the Belt and Road Initiative.

The China-France High Level Economic and Financial Dialogue has been held each year since 2013. Enditem