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China seeks advice from Wall Street bankers and Barrick Chairman Thornton
Will he recommend buying more gold to democratize the world financial system?
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Beijing Summons Top Wall Street Bankers for Tariff Talks
By Tom Mitchell
Financial Times, London
Sunday, September 9, 2018
The Chinese government is inviting Wall Street's top bankers to a hastily arranged meeting in Beijing as President Donald Trump threatens to impose punitive tariffs on all Chinese exports to the United States.
According to three people briefed on the initiative, Chinese Communist Party officials have invited the heads of America's leading financial institutions to attend a "China-U.S. Financial Roundtable" in Beijing on September 16, followed by a meeting with Wang Qishan, vice-president of China.
... Dispatch continues below ...
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Chinese officials hope the new group, which will be jointly chaired by Zhou Xiaochuan, a former Chinese central bank governor, and John Thornton, the former Goldman Sachs executive who now chairs mining group Barrick Gold, will meet every six months to discuss Sino-U.S. relations and advise the Chinese government on financial and economic reforms.
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... For the remainder of the report:
https://www.ft.com/content/c0034cba-b2ca-11e8-99ca-68cf89602132
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