Posted 9/22/2023, 8:35:08 PM

U.S. and China Establish New Economic Dialogue Groups, Aiming to Improve Communication

U.S. Treasury and China establish new working groups for economic and financial dialogues, aiming to improve communication after breakdown under Trump administration.
Dialogues will cover economic policy, financial developments, and exchange of information. Led by Yellen and China's He Lifeng.
Comes amid broader Biden administration efforts to reopen communication channels with China after Xi-Biden meeting.
Builds on Yellen's July Beijing visit. Marked first Treasury Secretary visit since 2019 amid trade conflicts.
Yellen says dialogues will allow U.S. to communicate interests and concerns, while promoting fair competition and cooperation on global challenges.

washingtonpost.com

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9/22/2023

U.S. and China Establish New Working Groups to Improve Economic Relations

The United States and China have agreed to create economic and financial working groups to address economic disagreements and promote communication between the two countries.