China, G20 eye closer financial cooperation

China is ready to strengthen financial cooperation with all parties of the Group of 20 amid the COVID-19 pandemic and provide stabilizing factors for the global economy, a government official said.

Liu Kun, China's finance minister, made the remarks while speaking at the G20 Finance Ministers and Central Bank Governors Meeting via video link. The meeting was held in Washington, both online and offline, from Wednesday to Thursday.

Liu said that faced with current evolving risks and challenges, all G20 members should work together to provide stabilizing factors for the world, according to a news release issued by the Ministry of Finance on Thursday morning.