U.S. and China Establish New Working Groups to Improve Economic Relations
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The U.S. and China have created new economic and financial working groups to improve communication and stabilize relations.
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The groups will be led by Treasury Secretary Janet Yellen and Chinese Vice Premier He Lifeng.
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They aim to resolve differences on issues like tariffs, technology controls, and investment restrictions.
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It revives decades-long bilateral coordination approach ended under Trump.
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U.S. says it's an important step forward in the relationship.