Arab Today, arab today lagarde china to \lose out\ by tokyo imf noshows
Last Updated : GMT 04:23:18
Arab Today, arab today
Arab Today, arab today

Lagarde: China to \'lose out\' by Tokyo IMF no-shows

Arab Today, arab today

Arab Today, arab today Lagarde: China to \'lose out\' by Tokyo IMF no-shows

Tokyo - AFP

China will "lose out" by not sending its top two finance officials to important global economic meetings in Japan this week, IMF chief Christine Lagarde said Thursday. Lagarde called on Beijing and Tokyo -- embroiled in a heated dispute over an East China Sea island chain -- to settle their row quickly, adding that "countries in this region are very important for the global economy". "We have a lot of substantive issues to discuss, great debates, great seminars organised. I think they lose out by not attending the meeting," she said of China's finance minister and central bank chief who are both absent. China has not given official reasons for the no-shows at the annual meetings of the International Monetary Fund and the World Bank, but they come amid simmering tensions over Japanese-controlled islets. The pull-outs also come as world leaders look to China -- the planet's second-biggest economy -- to help reinvigorate faltering global growth amid fears of a worldwide slowdown. People's Bank of China Governor Zhou Xiaochuan had been due to deliver a lecture on Sunday, the centrepiece of the final day of the annual conference. He will now send his deputy, the IMF said. The World Bank said it had been told the Chinese delegation would be led by the vice finance minister rather than Finance Minister Xie Xuren. Several private Chinese banks were also reported to be limiting or cancelling their participation in events linked to the meetings, which began on Tuesday and will run until Sunday. Commentators have pointed to the move as China showing its displeasure with Japan as the region's two largest economies squabble over islets called Senkaku by Tokyo and Diaoyu in China. The uninhabited chain is located in rich fishing waters and believed to sit atop mineral deposits. The dispute, which has rumbled for decades, flared in August and September with landings by nationalists from both sides and the subsequent nationalisation of the islands by Tokyo. On Thursday, Lagarde said friendly relations were "beneficial" for Asia-Pacific growth and the global economy. "All economic players and partners in this region are very critical for the global economy," she said. On a lighter note, the IMF chief said the two Chinese officials would miss out on seeing Japan's spectacular autumn foliage. "(China) will be missing a great meeting because Tokyo is at its best, the colours are beautiful, the trees have the most beautiful colours you could think of," she said in response to questions about the dispute. When asked about Japan and South Korea's decision to end a currency swap agreement, which came against the backdrop of a separate territorial row, Lagarde again called for diplomacy. "We would hope... that longstanding differences concerning territorial matters could be resolved smoothly so that economic co-operation can take over and contribute to the stability of the world and to this part of the world." Japanese finance minister Koriki Jojima and his South Korean counterpart Bahk Jae-Wan are due to hold talks later Thursday.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today lagarde china to \lose out\ by tokyo imf noshows Arab Today, arab today lagarde china to \lose out\ by tokyo imf noshows

 



Arab Today, arab today
Arab Today, arab today US, Britain ban laptops on flights

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today Hezbollah commander killed by own men

GMT 07:43 2017 Wednesday ,22 March

Hezbollah commander killed by own men
Arab Today, arab today Tunisian media host praises her new experience

GMT 12:35 2017 Wednesday ,15 March

Tunisian media host praises her new experience
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemeni official warns education is under threat

GMT 12:03 2017 Tuesday ,14 March

Yemeni official warns education is under threat
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Palestinian police wage war

GMT 07:53 2017 Friday ,17 March

Palestinian police wage war
Arab Today, arab today Dalia Mustafa believes in the presence of ghosts

GMT 07:39 2017 Monday ,20 March

Dalia Mustafa believes in the presence of ghosts
Arab Today, arab today Mexico threatens to ditch US corn imports

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection

GMT 16:41 2017 Monday ,20 March

Preserving the memory of glaciers

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 14:17 2017 Monday ,20 March

Cholesterol-slashing drug not impair brain

GMT 17:08 2017 Saturday ,18 March

Reveals secrets of tourism flights to space

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 15:42 2017 Saturday ,18 March

HTC U Play now available in KSA

GMT 22:39 2017 Thursday ,09 March

Zuhair Murad presents his new collection "Resorts"
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday