SCO finance ministers, central bank chiefs discuss financial crisis
www.chinaview.cn 2009-12-10 00:49:42   Print

    ALMATY, Dec. 9 (Xinhua) -- The finance ministers and central bank governors of the member countries of the Shanghai Cooperation Organization met Wednesday to discuss ways to fight the ongoing global economic crisis.

    The officials detailed the economic and social situations in their countries, and the measures adopted to tackle the crisis. The meeting issued a joint statement.

    The members expressed satisfaction with the development of cooperative relations among SCO members.

    The officials also said that maintaining constructive dialogue and cooperation in financial fields was conducive to promoting SCO members' economic development and position in the world economy.

    Chinese Finance Minister Xie Xuren said it was of great significance for the steady development of the regional economy that SCO members boost their coordination in macro-economic financial policies and jointly cope with the crisis at a crucial time when the global economy was recovering.

    SCO members should actively promote trade and investment liberalization, oppose and reject trade protectionism, push forward reforms of the administration structures of international financial institutions, and seek a greater say for emerging markets and developing countries, he said.

    Ma Delun, vice-governor of the People's Bank of China -- the Chinese central bank, urged SCO members to strengthen their cooperation in reforming the current international financial and monetary system.

    Ma also urged them to, together with other countries, build an international financial order that was more impartial and cares more about each country's interests.

Editor: Mu Xuequan
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