China speculated 38.4 billion U.S. dollars to China, Japan, South Korea’s foreign exchange reserves to the Treasury 32% share
Bali, Indonesia May 3 China, Japan and South Korea Minister of Finance, the three countries in Bali, Indonesia on the 3rd of the tripartite self-management planning in the region of the capital share of the Treasury’s foreign exchange reserves to reach a consensus.
According to the consensus, 38.4 billion U.S. dollars invested in China, Japan invested 38.4 billion U.S. dollars, South Korea invested 19.2 billion U.S. dollars, respectively accounting for the total pool of 32%, 32% and 16%. In the event of financial crisis, bank lending to the emergence of a mobility difficulties to provide funds to help members.
It is reported that China-Japan-Korea Finance Ministers Meeting to discuss the East Asian region to strengthen the macroeconomic situation and financial cooperation in East Asia and other issues, the three finance ministers in particular on the “Chiang Mai Initiative” of the multilateral exchange of views on the issues.
China, Japan, South Korea Finance Minister reiterated that in the current situation, the three countries should continue to strengthen macroeconomic policy coordination, deepening regional financial cooperation to safeguard regional financial stability and promoting regional economic growth as soon as possible to make positive efforts to resume.
Discussion Area - Leave a Comment
You must be logged in to post a comment.