Second China-UK Economic and Financial Dialogue reaches lots of consensus

Chancellor Darling thought high of the constructive role played by China in carrying out the consensus reached at the G20 London Summit. He pointed out that China has been playing an important role in dealing with the international financial crisis, reforming the global financial system and reflecting the current world situation.

Darling said that it is particularly important for the UK and China to join hands. At this dialogue, the two sides have reached a lot of important consensus in the sectors of finance, trade, investment, energy and environment. The British side is expecting to have a close cooperation with the Chinese side to play an active role in the global financial issues and push forward the bilateral relation through joint efforts.

With common efforts, the two sides have reached the following important consensus.

1. The two sides expressed commitment to working with the international community to follow up on the consensus reached at the G20 London Summit and adopt all necessary measures to restore market confidence and promote global economic growth.

2. The two sides called for working out explicit time frame and roadmap for the reform of the international financial system, increasing the voice and representation of developing countries in the international financial system.

3. The two sides pledged to jointly promote efforts to achieve Millennium Development Goals set by the UN.

4. The two sides agreed to strengthen the communication and cooperation in financial supervision and financial services between the two countries, pay high attention to financial stability and continue to boost the reform of the financial supervision.