Chinese Vice Premier Holds Talks with U.S. Treasury Secretary on Economic and Trade Affairs

Guangzhou, The Gulf Observer: He Lifeng, Chinese Vice Premier and lead representative for China-U.S. economic and trade affairs, engaged in a series of discussions with U.S. Secretary of the Treasury Janet Yellen, the U.S. counterpart for economic matters, on Friday and Saturday in Guangzhou, southern China.

The talks centered on advancing the significant consensus reached by the heads of state of both countries. In a spirit of openness and pragmatism, the two sides conducted constructive dialogues covering macroeconomic trends in both nations and globally, the evolving economic ties between China and the United States, and shared challenges on the global stage.

A key outcome of the discussions was an agreement to deepen engagement on crucial issues such as fostering balanced growth within the U.S., China, and the global economy, promoting financial stability, advancing sustainable finance initiatives, and enhancing cooperation to combat money laundering. These topics will be addressed through the framework of the China-U.S. economic and financial working group.

The Chinese delegation expressed serious concerns regarding U.S. economic and trade policies that restrict China’s activities and responded comprehensively to issues related to production capacity. Both parties committed to sustaining ongoing communication to address mutual concerns and explore opportunities for collaboration.

The meetings between Vice Premier He Lifeng and Secretary Yellen underscore the importance of constructive dialogue in fostering understanding and managing economic relations between China and the United States. As global economic dynamics continue to evolve, such engagements play a pivotal role in promoting stability, cooperation, and mutual prosperity.

These discussions mark a significant step forward in the ongoing efforts to strengthen economic ties and address shared challenges, reflecting the commitment of both nations to constructive engagement and pragmatic solutions. Stay tuned for further updates as cooperation between China and the United States evolves in the realm of economic and trade affairs.