U.S. and China Set Up Working Groups to Foster Economic Cooperation

U.S. and China agree to establish economic working groups led by Treasury and China's Ministry of Finance.
Groups aimed at facilitating discussions on economic and financial policies between the countries.
Comes amid Biden administration efforts to ease tensions with China despite differences.
Treasury Secretary Janet Yellen has sought cooperation with China on issues like climate change.
Yellen says important to diversify supply chains but not fully decouple economies.

thehill.com

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9/22/2023

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

The U.S. Treasury Department has established two new working groups to engage in regular direct meetings with China for discussions on economic and financial policy matters, signaling improved communication between the two countries.

9/22/2023

Treasury Launches Economic Talks with China to Advance Biden-Xi Commitments

The United States and China have established an Economic Working Group and a Financial Working Group to facilitate discussions and exchange information on economic and financial policies.