BEIJING (Reuters) - China and the United States agreed to push forward reforms at the International Monetary Fund (IMF) to increase quotas for emerging economies, China's vice premier Wang Yang said on Tuesday.
The United States also will fully consider the impact that normalising monetary policy will have on international markets, he added, at the end of high-level talks between China and the United States in Beijing.
One U.S. bank and one Chinese bank will be appointed to act as clearing banks for yuan business in the U.S., he added.
(Reporting by Michael Martina; Writing by Sue-Lin Wong; Editing by Kim Coghill)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
