The China-U.S. economic working group held its sixth meeting in Washington on Friday, marking a significant step in bilateral cooperation. 🇨🇳🇺🇸
Co-chaired by Chinese Deputy Finance Minister Liao Min and Jay Shambaugh, Under Secretary for International Affairs at the U.S. Department of the Treasury, the meeting took place on the sidelines of the 2024 Annual Meetings of the International Monetary Fund and the World Bank Group.
Both sides engaged in in-depth, pragmatic, and constructive discussions focusing on the macroeconomic landscapes of the two nations. They addressed pressing global challenges, including collaborative efforts to assist low-income countries in managing liquidity issues and planning for future economic arrangements.
The Chinese mainland shared insights into its current macroeconomic situation and introduced a suite of targeted fiscal policy measures recently launched. Additionally, they voiced concerns regarding the potential imposition of additional U.S. tariffs on China and sanctions related to Russia.
Following the main meeting, Liao Min held courtesy talks with U.S. Treasury Secretary Janet Yellen, further emphasizing the importance of sustained dialogue and cooperation between the two economic powerhouses.
