Looking inside ourselves and out at the world
Independent and neutral with regard to all political and religious orientations,® aims to promote awareness of the major democratic principles on which tolerance is based.

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 ☛ http://english.ntdtv.comFollow us on Twitter ☛ us on Facebook ☛

© DailyMotion -

Comment on this article!
To post a comment, we encourage you to become a member of® or log in if you are already a member. You can still post your commentwithout registering, but you will need to fill your personal information each time.

Become a member (free)   |   Log in

Postings are subject to the terms and conditions of®. Before submitting your message , you must read the Terms and conditions of® and agree to them by checking the box below.
Your name:
  I have read and agree to the Terms and conditions of®.
Follow us on ...
Facebook Twitter