January 18, 2019 / 5:16 AM / a month ago

China, Germany to deepen cooperation in financial sector

German Finance Minister Olaf Scholz and Chinese Vice Premier Liu He and both countries' delegates pose for a group photo session before processing to the China-Germany High Level Financial Dialogue at the Diaoyutai State Guesthouse in Beijing, Friday, Jan. 18, 2019. Andy Wong/Pool via Reuters

BEIJING (Reuters) - China and Germany are committed to deepening cooperation in the financial sector and will work together to battle trade protectionism, they said in a joint statement on Friday.

They signed three pacts to strengthen banking sector cooperation during a two-day visit by German Finance Minister Olaf Scholz to Beijing.

Reporting by Michael Nienaber; Writing by Beijing Monitoring Desk; Editing by Clarence Fernandez

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