G20 finance chiefs, governors meet in Chengdu

(chinadaily.com.cn)
Updated: 2016-07-23 10:01:27

Lou Jiwei, China's Minister of Finance speaks at the High-level Tax Symposium held in Chengdu in Southwestern China's Sichuan province, July 23, 2016. [Photo/Agencies]

Major economies should strengthen cooperation to improve transparency and efficiency while applying fiscal policies, China's Finance Minister Lou Jiwei said Saturday at a high-level tax symposium on the sidelines of the two-day meeting of G20 finance ministers and central bankers.

He also highlighted major challenges including how to reduce taxation uncertainties, reduce investment barriers, how to better spur innovation using fiscal policies, and cracking down cross-border tax evasion and tax avoidance.

Christine Lagarde, the head of the International Monetary Fund walks to attend the G20 High-level Tax Symposium held in Chengdu, China's Sichuan province, July 23, 2016. [Photo/Agencies]

Britain's Chancellor of the Exchequer Philip Hammond (right), chats with Germany's Federal Minister of Finance Wolfgang Schauble before a private lunch on the sidelines of the G20 High-level Tax Symposium held in Chengdu, Sichuan province, July 23, 2016. [Photo/IC]

Angel Gurria, Secretary-General of the Organisation for Economic Co-operation and Development (OECD), speaks on stage at the High-level Tax Symposium in Chengdu, Sichuan province, July 23, 2016. [Photo/IC]

Japan's Finance Minister Taro Aso attends a panel for the High-level Tax Symposium held in Chengdu, Sichuan province, July 23, 2016. [Photo/IC]

US Treasury Secretary Jacob Lew attends a panel for the High-level Tax Symposium held in Chengdu, Sichuan province, July 23, 2016. [Photo/IC]

Cameras are set up for the G20 High-level Tax Symposium held before the G20 Finance Ministers and Central Bank Governors Meeting in Chengdu in Southwestern China's Sichuan province, July 23, 2016. [Photo/Agencies]

Hostesses stand on duty at the venue for the G20 Finance Ministers and Central Bank Governors Meeting to be held over the weekend in Chengdu in Southwestern China's Sichuan province, July 23, 2016. [Photo/Agencies]

Attendees go through a security check before entering the venue for the G20 Finance Ministers and Central Bank Governors Meeting to be held over the weekend in Chengdu in Southwestern China's Sichuan province, July 23, 2016. [Photo/Agencies]

A hostess prepares for the G20 Finance Ministers and Central Bank Governors Meeting to be held over the weekend in Chengdu in Southwestern China's Sichuan province, July 22, 2016. [Photo/Agencies]

A waiter holds up a glass to the light as he sets up a conference room ahead of the G20 Finance Ministers and Central Bank Governors Meeting to be held over the weekend in Chengdu in Southwestern China's Sichuan province, July 22, 2016. [Photo/Agencies]

Chinese women gather near panda dolls at the venue ahead of the G20 Finance Ministers and Central Bank Governors Meeting to be held over the weekend in Chengdu in Southwestern China's Sichuan province, July 22, 2016. [Photo/Agencies]

Staff workers prepare for the G20 Finance Ministers and Central Bank Governors Meeting to be held over the weekend in Chengdu in Southwestern China's Sichuan province, July 22, 2016. [Photo/Agencies]

 

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