China, Russia begin strategic financial cooperation

[NNN0LHI]

http://english.people.com.cn/200508/31/eng20050831_205587.html

The 3rd session of the China-Russia Financial Cooperation Forum was held in Moscow from Aug 29 and Aug 30. Moe than 200 experts and scholars from central banks, finance supervision bodies, commercial banks and securities and insurance companies from the two countries attended the forum.

A long-term mechanism of financial exchange should be formed, and the China-Russia Financial Cooperation Forum should be made a platform on which the two countries can study financial cooperation strategy and discuss ways of cooperation, said Wu Xiaoling, deputy governor of PBOC in her address at the opening ceremony.

Insufficient knowledge of the other country's economic and legal environment is the biggest difficult for financial cooperation between China and Russia, Wu told reporter of Xinhua News Agency. She proposed Chinese Monetary Society and Association of Russian Banks collect the latest financial laws and regulations, and provide finance supervision bodies and commercial finance institutes with service information.

[hedgetrimmer]

1. well, well, well.... When your the king of the mountain,

someone is always looking to push you off.

Considering our current situation, I can see the surge of desire to perform that feat.

Kick 'em when their down, kick 'em when their up.

Perhaps Luke the rebel troops may get a strong hold, but the empire will prevail.

.... Seriously, I wish them well in their alliance and hope that it may spurn a new drive in the hearts of the U.S. citizens to rise up against the prevailing winds with a sail of hope, drive and accomplishment. I can dream.