Top economic officials from China and the U.S. ramped up dialogue this week to stabilize relations between the world's two powerhouse economies. Chinese Vice-Premier He Lifeng met with U.S. Treasury Under Secretary Jay Shambaugh in Beijing, emphasizing mutual respect and 'enhanced coordination on macroeconomic policies' 🏛️.
The talks built on earlier agreements between leaders during their 2023 San Francisco meeting and April phone call. He stressed the need to 'handle bilateral concerns equally', while Shambaugh relayed U.S. Treasury Secretary Janet Yellen's commitment to maintaining 'healthy economic dialogue' 💬.
The discussions coincided with the fifth China-U.S. Economic Working Group meeting, signaling renewed efforts to bridge economic priorities amid global uncertainty. Analysts say these talks could set the tone for future collaborations in tech, trade, and climate initiatives 🔋🌱.
