Chinese President Xi Jinping said that the country need to focus on stable economic and financial development according to news agency Xinhua on Saturday.

– It is necessary to focus on preventing risks on the basis of steady growth, while strengthening the countercyclical adjustment of fiscal policy and monetary policy and ensuring that the ecnomomy operates in a reasonable range, Xi said.

According to President Xi, preventing and resolving financial risks, especially systemic financial risks, is a fundamental task, the Xinhua reported.

One of the biggest issues lately has also been the US China trade talks. According to Reuters, the country negotiators met also on Saturday to reach the agreement and trying to prevent the escalation of the trade tariffs.

According to US President Donald Trump and US Treasury Secretary Steven Mnuchin the countries have reached an understanding of the currency issues. The US have argued long time that China´s yuan is undervalued and thus giving trade advantage and partly offsetting the US tariffs. No more information was given about the currency agreement.

It is expected that the President Xi Jinping and Donald Trump would meet next time in March in Florida.

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