The People's Bank of China (PBOC) and the Bank of Japan have agreed to renew their bilateral currency-swap deal with a size of 200 billion yuan (about 28 billion U.S. dollars), or 3.4 trillion Japanese yen.
The agreement will be valid for a three-year period and can be extended by mutual consent, China's central bank said on Friday.
The currency-swap extension will help stabilize the financial markets of the two countries and facilitate bilateral economic and financial exchanges, according to the PBOC.
In October 2018, the PBOC inked a bilateral currency-swap agreement with its Japanese counterpart, allowing the two sides to swap a total of 200 billion yuan for 3.4 trillion yen, and vice versa.
China, Japan extend bilateral currency swap agreement
China, Japan extend bilateral currency swap agreement
China and Thailand on Friday agreed to strengthen strategic alignment and enhance cooperation in various fields in a meeting between Thai Prime Minister Anutin Charnvirakul and Chinese Foreign Minister Wang Yi.
Noting the current turbulent international situation, Anutin said Thailand firmly adheres to the one-China policy and is willing to work with China to implement the consensus reached by the heads of state of the two countries.
Thailand is ready to work with China to resolutely combat online gambling and telecommunications fraud to further make the friendship between Thailand and China rooted in people's hearts, he said.
Anutin extended his gratitude for China's unremitting efforts in helping properly resolve the border conflict between Thailand and Cambodia, adding that he looks forward to China continuing to play a constructive role.
Noting China is a reliable and dependable strategic cooperative partner of Thailand, Wang, also a member of the Political Bureau of the Communist Party of China Central Committee, said that the saying "China and Thailand are one family" has a solid public opinion and social foundation and is showing even broader prospects.
Wang said that, facing a volatile international situation, China is willing to deepen mutual respect, trust and support with Thailand, and carry forward traditional friendship.
China stands ready to expand cooperation with Thailand in new energy, infrastructure, agriculture and other fields, promote the building of a more stable, prosperous and sustainable China-Thailand community with a shared future, and continuously make new contributions to regional stability and development, Wang said.
He expressed the hope that Thailand will intensify its efforts to crack down on online gambling and telecommunications fraud, creating a favorable environment for bilateral relations.
As a common friend of Thailand and Cambodia, China is willing to continue to build a platform for the two sides to engage in dialogue, rebuild mutual trust and improve relations, according to Wang.
China, Thailand agree to strengthen strategic alignment, enhance cooperation
China, Thailand agree to strengthen strategic alignment, enhance cooperation
China, Thailand agree to strengthen strategic alignment, enhance cooperation
