Media statement

NZ Treasury, China Ministry of Finance hold Financial Dialogue

The New Zealand Treasury and the Ministry of Finance of the People’s Republic of China held the inaugural Bilateral Financial Dialogue on 15 June 2021.

Secretary to the Treasury Caralee McLiesh, who co-chaired the Financial Dialogue with Vice Minister of Finance Zou Jiayi, welcomed the exchange of information and experiences between officials of both departments.

“I would like to thank our counterparts at China’s Ministry of Finance for a successful Financial Dialogue. Our departmental officials were able to engage on fiscal, financial and economic issues of mutual importance, which are integral to our work towards lifting living standards for our citizens,” says Caralee McLiesh.

The topics discussed between the Treasury and the Ministry of Finance included:

  • the global macroeconomic situation, including economic responses to COVID-19 and key risks to macroeconomic and financial stability at the global level
  • lessons from China’s experience with green finance
  • budget performance, including applying cost-benefit analysis to decision making

“The New Zealand Treasury and the Ministry of Finance of the People’s Republic of China will continue to discuss key aspects of our work with our regional partners as part of APEC, which New Zealand is hosting this year,” says Caralee McLiesh.

New Zealand’s Deputy Prime Minister and Minister of Finance Hon Grant Robertson and China’s Minister of Finance Liu Kun gave opening remarks and endorsed the Financial Dialogue.

The Financial Dialogue was established under the Memorandum of Arrangement on a Bilateral Financial Dialogue between the New Zealand Treasury and the Ministry of Finance of the People’s Republic of China, signed on 1 April 2019 in Beijing, witnessed by Prime Minister Jacinda Ardern and Premier Li Keqiang. The first Financial Dialogue was scheduled for 2020 but was delayed due to COVID-19.