In a high-stakes meeting that could reshape global markets, Chinese Vice Premier He Lifeng and U.S. Treasury Secretary Janet Yellen held marathon talks in Guangzhou this weekend. The discussions focused on turning presidential agreements into action, tackling everything from trade tensions to climate finance. ๐ฌ
Key takeaways? Both sides agreed to collaborate on fighting money laundering, stabilizing global markets, and balancing economic growth. China pushed back against U.S. trade restrictions but kept the door open for future talks. ๐
Hereโs why this matters: With $650 billion in annual trade and 70,000 U.S. businesses operating in China, every decision here ripples through your TikTok feed, crypto portfolio, and even college tuition costs. ๐
Bonus trivia: Since 1979, China-U.S. trade has exploded by 20,000%! The new bilateral working groupโcreated last Septemberโhelped make these talks happen faster than a viral K-drama plot twist. ๐
Reference(s):
cgtn.com