Update: China, U.S. Agree to Launch Initiatives on Money Laundering, Economic Growth During Yellen Visit
Update: China, U.S. Agree to Launch Initiatives on Money Laundering, Economic Growth During Yellen Visit Caixin Global
sdgtalks
China and US Agree to Launch Initiatives for Sustainable Development Goals
During her second visit to China in nine months, U.S. Treasury Secretary Janet Yellen has announced the launch of initiatives aimed at combating money laundering and promoting “balanced” economic growth. These initiatives come as part of efforts to strengthen cooperation between the two countries and address American concerns regarding Chinese industrial overcapacity.
Meeting in Guangzhou
Yellen’s visit included two days of extensive and productive meetings with Chinese Vice Premier He Lifeng in Guangzhou, a major manufacturing and export hub. This visit is part of Yellen’s six-day trip, which also includes talks in Beijing with Premier Li Qiang, former economic czar Liu He, and other influential figures.
You’ve accessed an article available only to subscribers
VIEW OPTIONS
SDGs, Targets, and Indicators in the Article
1. SDGs Addressed or Connected to the Issues Highlighted in the Article
- SDG 8: Decent Work and Economic Growth
- SDG 16: Peace, Justice, and Strong Institutions
The article highlights the initiatives between China and the U.S. to fight money laundering and foster “balanced” economic growth. These initiatives align with SDG 8, which aims to promote sustained, inclusive, and sustainable economic growth, full and productive employment, and decent work for all. Additionally, the focus on addressing concerns about Chinese industrial overcapacity relates to SDG 16, which aims to promote peaceful and inclusive societies for sustainable development, provide access to justice for all, and build effective, accountable, and inclusive institutions at all levels.
2. Specific Targets Under Those SDGs Based on the Article’s Content
- SDG 8.7: Take immediate and effective measures to eradicate forced labor, end modern slavery and human trafficking, and secure the prohibition and elimination of the worst forms of child labor.
- SDG 16.4: By 2030, significantly reduce illicit financial and arms flows, strengthen the recovery and return of stolen assets, and combat all forms of organized crime.
The initiatives to fight money laundering align with SDG 8.7, which targets eradicating forced labor, modern slavery, human trafficking, and child labor. By addressing money laundering, the countries aim to combat illicit financial flows and organized crime, contributing to SDG 16.4.
3. Indicators Mentioned or Implied in the Article to Measure Progress Towards the Identified Targets
- Number of prosecutions and convictions related to money laundering and illicit financial flows
- Number of cases of forced labor, modern slavery, and human trafficking identified and addressed
- Amount of recovered and returned stolen assets
- Reduction in the prevalence of organized crime activities
The article does not explicitly mention specific indicators. However, to measure progress towards the identified targets, indicators such as the number of prosecutions and convictions related to money laundering and illicit financial flows, the number of cases of forced labor, modern slavery, and human trafficking identified and addressed, the amount of recovered and returned stolen assets, and the reduction in the prevalence of organized crime activities can be used.
Table: SDGs, Targets, and Indicators
| SDGs | Targets | Indicators |
|---|---|---|
| SDG 8: Decent Work and Economic Growth | Target 8.7: Take immediate and effective measures to eradicate forced labor, end modern slavery and human trafficking, and secure the prohibition and elimination of the worst forms of child labor. |
|
| SDG 16: Peace, Justice, and Strong Institutions | Target 16.4: By 2030, significantly reduce illicit financial and arms flows, strengthen the recovery and return of stolen assets, and combat all forms of organized crime. |
|
Behold! This splendid article springs forth from the wellspring of knowledge, shaped by a wondrous proprietary AI technology that delved into a vast ocean of data, illuminating the path towards the Sustainable Development Goals. Remember that all rights are reserved by SDG Investors LLC, empowering us to champion progress together.
Source: caixinglobal.com
Join us, as fellow seekers of change, on a transformative journey at https://sdgtalks.ai/welcome, where you can become a member and actively contribute to shaping a brighter future.
