China finance minister calls for 'joint action' in debt settlements

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BEIJING : China's finance minister Liu Kun said all the G20 nations should conduct fair, objective and in-depth analysis of the causes of global debt issues and resolve the problem in a comprehensive, systematic and effective manner, a finance ministry statement said on Friday. Liu said international fina

BEIJING : China's finance minister Liu Kun said all the G20 nations should conduct fair, objective and in-depth analysis of the causes of global debt issues and resolve the problem in a comprehensive, systematic and effective manner, a finance ministry statement said on Friday.

Liu said international financial institutions and commercial creditors should follow the principle of"joint action, fair burden" in the debt settlements, according to the statement.

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