China banks pull out of IMF Tokyo meet amid island dispute
News On Japan via Reuters -- Oct 09
China's state-owned banks will not attend the annual meetings of the IMF and World Bank to be held in Tokyo starting Tuesday, state news agency Xinhua said on Monday, the latest sign that a territorial dispute has strained ties between Asia's two biggest economies.
The four Chinese lenders that have pulled out of International Monetary Fund-related events are the Industrial and Commercial Bank of China (ICBC), Bank of China, China Construction Bank and Agricultural Bank of China, Xinhua said.
The Wall Street Journal reported last week that Bank of Communications will not attend the events either.
Source: Reuters
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