India-China finance dialogue cancelled

June 23, 2016 09:38

The India-China Financial Dialogue due to be held in Beijing between Finance Minister Arun Jaitley and his Chinese counterpart Lou Jiwei next week has been cancelled.

Jaitley is due to arrive in Beijing today on a five-day visit to take part in a host of events including the planned eighth financial dialogue.

But the dialogue meet stands cancelled, informed sources said.

Officials explained that the meet was cancelled as Department of Economic Affairs Shaktikanta Das could not attend the meeting. Till now the two countries held seven rounds of financial dialogues but all of them were headed by Finance Secretaries of both sides.

This is the first time it was elevated to level of finance ministers of both countries. The seventh dialogue was held in New Delhi in 2014. It was officially circulated earlier that the dialogue would be held between the two ministers on June 27.

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