India, China hold Financial and Economic Dialogue

TIL Desk/World/Beijing-China and India today held their 8th high-level Financial and Economic Dialogue here to strengthen trade and economic cooperation, with the two fast-developing nations underlining the need for building more solidarity to adopt more responsible macro economic policies.

Secretary Economic Affairs, Shaktikanta Das accompanied by a delegation of officials from the RBI and Finance Ministry took part in the annual dialogue along with the Chinese delegation led by Vice Minister for Finance Shi Yaobin. “India is working hard to unify the domestic market, improve infrastructure, speed up manufacturing sector development, encourage more Foreign Direct Investment (FDI),” Shi said in his opening remarks at the meeting.

“We are happy to hear that in early August India s GST (Goods and Services Tax) reform has achieved historical breakthrough. In such kind of background we need to learn more from each other to coordinate micro economic policies, face more challenges and create more drivers for our development,” he said.