U.S. and Chinese officials have concluded the third meeting of a working group established to cooperate on financial issues. This is a step in continuing the trend the two countries set towards de-escalating tensions last November.
BANGKOK — U.S. and Chinese officials have concluded the third meeting of a working group established to cooperate on financial issues as part of continuing the trend the two countries set toward de-escalating tensions last November. did.
U.S. Treasury officials met with officials from the People's Bank of China to discuss a range of issues from financial stability to anti-money laundering. According to a statement from the Ministry of Finance on Friday, the delegation also met with Vice Premier He Lifeng during their visit to China.
The group also indicated that Treasury Secretary Janet Yellen plans to visit China at some point in the future. She was previously there in July.
In November, Yellen met with He in San Francisco. The two-day meeting between the two men was expected to pave the way for a subsequent meeting between US President Joe Biden and Chinese President Xi Jinping.
The two countries agreed in November to resume cooperation on issues such as curbing the spread of fentanyl and military communications. Although the talks prevented a deterioration of relations, they did not resolve any of the major differences between the two countries.
China and the United States have had long-standing economic issues since former President Donald Trump launched a trade war and imposed high taxes on many Chinese products.
