Video Related To: Chinese banks not to attend Tokyo's IMF-World Bank meeting
Source: China News
China's major banks confirmed with Xinhua Monday that they will not attend the International Monetary Fund-World Bank meeting that opens Tuesday in Tokyo. Bank of China, China Construction...
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China, East China Sea, China Construction Bank, Bank of China, IMF-World Bank, world banks, Japan, Beijing, Business Finance, Asia
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Chinese Banks Boycott Finance Meetings in Japan
Tension between China and Japan over territorial waters in the East China Sea is now being reflected in the international finance arena. The Wall Street Journal reported that several Chinese banks have pulled out of the annual World Bank and International Monetary Fund meeting to be held in Tokyo next week. Some banks are also boycotting Sibos, another big finance industry meeting to be held in Osaka at the end of the month. The banks have not given any reasons for their last minute withdrawals, but relations between China and Japan have soured in recent months as their spats over the Diaoyu, or Senkaku Islands escalated. Some analysts say China's withdrawals from such important global economic-finance forums over regional squabbling may be signs that China is not yet ready for the bigger role it has long sought in the World Bank and IMF. For more news and videos visit ☛ english.ntdtv.com Follow us on Twitter ☛ http Add us on Facebook ☛ on.fb.me
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