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China Calls for International Financial Coordination in Response to U.S.'s Remarks on Its Crypto Industry

Summarized by NextFin AI
  • China reaffirmed its commitment to multilateral and bilateral monetary cooperation, emphasizing its role in global macroeconomic policy coordination.
  • In response to U.S. President Trump's comments at the Davos Forum, China highlighted its consistent and cooperative approach to global financial governance.
  • China aims to shape global financial norms while defending its domestic policies regarding cryptocurrency regulations.
  • The statement reflects China's intention to engage constructively in international financial systems amid growing U.S. scrutiny of its influence in cryptocurrency markets.

China on Thursday reaffirmed its commitment to multilateral and bilateral monetary and financial cooperation, emphasizing its active role in global macroeconomic policy coordination and the development of international financial rules.

The statement came during a routine press briefing by Foreign Ministry spokesperson Guo Jiakun, in response to U.S. President Donald Trump’s remarks at the Davos Forum calling for measures to prevent China from gaining influence in the cryptocurrency sector.

Guo stressed that China maintains a consistent, open, and cooperative approach to global financial governance and encouraged inquiries on specific regulatory matters to be directed to the relevant Chinese authorities. The spokesperson’s comments reflect China’s position that it seeks constructive engagement in international financial systems while maintaining its own regulatory framework for emerging digital assets.

China’s response underscores its intention to remain actively involved in shaping global financial norms, signaling both a defense of its domestic policies and a commitment to international coordination, amid growing U.S. scrutiny of China’s role in cryptocurrency markets.

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