U.S., China sign agreement to cooperate on financial stability

Key Points

The U.S. and China have signed agreements for cooperating on financial stability, according to a People’s Bank of China readout Monday.
The agreement was part of a meeting of the U.S.-China Financial Working Group in Shanghai Thursday and Friday.
The readout described the conversation as “professional, pragmatic, candid and constructive,” according to a CNBC translation of the Chinese.

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