Finance

US Treasury Chief May Visit China

US Treasury Chief May Visit China

"China will vigorously push forward the reform and opening-up of the financial sector, significantly relax market access restrictions, create a more attractive investment environment, strengthen the protection of intellectual properties and actively expand imports", Yi said in a statement Saturday.

The message comes one day after U.S. Treasury Secretary Steven Mnuchin said he would consider a trip to China, and is "cautiously optimistic" the United States could broker a trade deal with Beijing.

At an announcement Friday from the International Monetary Fund meetings, U.S. Treasury Secretary Steven Mnuchin advocated the International Monetary Fund to "measure up to the plate" to predict out states participated in unfair trade practices - a common refrain from the Trump administration is the commerce penalty dangers are not protectionist, however simply searching "reasonable" exchange. 'It is important that as a global community we keep trade open, we ensure that we work within the multilateral system that we have to make sure if there are disputes, these disputes are resolved, ' she said.

Bankers and finance ministers from the IMF's 189 member countries met in Washington, DC, on the 10th anniversary of the global financial crisis.

Still, he said the USA would continue to exert its "maximum pressure" campaign until the rogue regime abandons its nuclear weapons program in a proven way.

International Monetary Fund chief Christine Lagarde has called on China and the USA to resolve their looming trade disputes through the use of existing multilateral provisions and organizations. The world economy, which grew by 3.8% a year ago, appears to have settled into a run of stronger growth.

The World Bank's policy committee has approved a $13 billion increase in the bank's lending capacity. One of the concerns about a trade war is it wouldn't just involve the USA and China, but it would inevitably drag in other countries as well and they'd be caught up in the crossfire between the U.S. and China.

Irwin believes China's rising debt, as well as a looming trade war between China and the USA, could pose a threat to the global economy.

"We support the IMF's continued efforts to assist countries in dealing with the macroeconomic consequences of large refugee inflows", it said. "We call on International Monetary Fund and World Bank management to develop a joint "action plan" on debt transparency and sustainability to guide future work, ensure strong coordination between institutions, and boost visibility around these efforts", Mnuchin said.

Many have used the finance meetings to protest President Donald Trump's protectionist trade policies, which mark a reversal of seven decades of USA support for ever-freer global commerce.

"We didn't have a discussion on specific measures on trade", Argentine Treasury Minister Nicolas Dujovne told reporters after the meeting.


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