on september 18, the 23rd asean plus three (10 3) video conference of finance ministers and central bank governors was held. the meeting mainly discussed the global and regional macroeconomic situation, 10 3 regional financial cooperation and other topics and issued a joint statement. finance minister liu kun led a chinese delegation to attend the meeting. prior to the meeting, liu kun also attended a video conference of finance ministers and central bank governors of china, japan and the rok. vice minister zou jiayi accompanied the above meeting.
the meeting noted that apt members have responded promptly to the epidemic, maintained overall economic stability and deepened regional economic, trade and investment cooperation, which are highlights in the global economy. they will remain vigilant against downside risks and continue to take the necessary macroeconomic policies to support economic recovery, while reaffirming their commitment to an open, rules-based multilateral trade and investment system and continuing to strengthen regional economic cooperation and integration.
meeting affirmed the year 10 3 important progress in financial cooperation mechanism, including promoting the chiang mai initiative multilateralization (cmim) protocol amendments "to take effect on june 23, 2020, cmim package deal, by the association of south-east asian nations (asean) and china, japan and south korea macroeconomic research office (amro) execution plan: 2020-2024, actively implement the" 10 3 financial cooperation strategic direction "and" the asian bond market initiative middle road map, 2019-2022 ", etc.
liu said that through the implementation of strong measures, china's epidemic situation has been effectively controlled and the economy has recovered steadily, with the economic growth reaching 3.2 percent in the second quarter. china will continue to enhance the efficiency of the macroscopic policy, the full implementation of proactive fiscal policy and prudent monetary policy and employment policy priorities, increase the intensity of "six protect", deepen the structure adjustment, promote the formation of domestic large cycle as the main body, domestic and international binary mutual promotion of the new development pattern, and further increase the intensity of open, make market, under the rule of law, international business environment, fully implement the market access system of negative list.
liu pointed out that the 10 3 parties shall continue to epidemic prevention and control related cooperation, strengthen macroeconomic policy coordination and communication, we will further improve the regional financial safety net, and improve the effectiveness and amro cmim institutional capacity, to strengthen the risk early warning and help members to address short-term liquidity problems and structural problems, according to the new trend outbreak era at the same time, looking forward to discuss payment in local currency accounts, regional supply chain financing, digital economy, infrastructure interconnectivity and regional financial cooperation in the field of new content, promote regional economic cooperation and integration.
source: ministry of finance, prc