Major Chinese banks to skip World Bank, IMF talks in Japan as a protest over Territorial Dispute

Major Chinese banks will skip World Bank and International Monetary Fund meetings this week in Japan, China's state media said, in apparent protest over a territorial dispute between the two countries.

Map courtesy LNG World News

China and Japan are locked in a festering row over East China Sea islands that has seen the two sides trade insults, touched off protests in China, and hurt Japanese firms doing business in the Chinese market.

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Four state-owned banks -- the Industrial and Commercial Bank of China, Bank of China, China Construction Bank and Agriculture Bank of China -- will not attend the meetings, Xinhua news agency reported late on Monday.

Read details: Business Recorder

Posted in: Banks, Business Recorder, China, IMF, Japan, Talks, Territorial Dispute, World Bank