READOUT: Seventh Meeting of the Financial Working Group Between the United States and the People’s Republic of China

NANJING – The United States and the People’s Republic of China held the seventh meeting of the Financial Working Group (FWG) in Nanjing on December 15-16. The meeting was co-led by Brent Neiman, U.S. Assistant Secretary for International Finance at U.S. Treasury, and Xuan Changneng, Deputy Governor of the People’s Bank of China.The meeting started with the co-leads receiving readouts on recent technical exercises, including a discussion on potential discrepancies in international macroeconomic data. The FWG moved on to discussions of topics including China’s recent stimulus measures, cross-border data regulations, issues related to the International Monetary Fund, cross-border payments, and swap arrangement practices.