• Thursday, Oct 28, 2021
  • Last Update : 01:35 am

China holds economic talks with second top US official in a week

  • Published at 09:26 am June 2nd, 2021
Chinese Vice Premier Liu He
Chinese Vice Premier Liu He attends the closing session of the Chinese People's Political Consultative Conference (CPPCC) at the Great Hall of the People in Beijing, China May 27, 2020 Reuters

The Biden administration is conducting a review of US-China trade policy, ahead of the expiry of their Phase 1 deal at the end of 2021

Chinese Vice Premier Liu He exchanged views with US Treasury Secretary Janet Yellen on issues of mutual "concern", in his second virtual call in a week with top economic and trade officials under the US Biden administration.

Liu, who has led China's negotiations in Sino-US trade talks since former US President Donald Trump went on a trade war with Beijing, held a similarly "candid" exchange with US Trade Representative Katherine Tai on May 26.

China's increased engagement between the trade and economic chiefs of the world's largest economy, since Joe Biden took office in January, comes as the US administration criticizes Beijing on human rights abuses and seeks to rally other rich nations to form a united front on China.

"Secretary Yellen discussed the Biden-Harris administration's plans to support a continued strong economic recovery and the importance of cooperating on areas that are in US interests, while at the same time frankly tackling issues of concern," the US Treasury Department said in a brief statement.

In Liu's video call with Yellen on Wednesday, both sides conducted extensive exchanges on the macroeconomic situation and bilateral and multilateral cooperation, the official Xinhua news agency reported.

Also read - Chinese embassy in US: Politicizing Covid-19 origins hampers investigations

"The two sides believed that the China-US economic relations are very important," Xinhua said.

They also "candidly exchanged views on issues of mutual concern, and expressed willingness to maintain communication."

No details were given on the issues discussed.

Last week, Tai said the United States still faces "very large challenges" in its trade and economic relationship with China.

The Biden administration is conducting a review of US-China trade policy, ahead of the expiry of their Phase 1 deal at the end of 2021.

Beijing and Washington signed the deal in January 2020. It calls for China to increase purchases of US agricultural goods, manufactured products, energy and services by $200 billion over 2020 and 2021, compared with a 2017 baseline.

The pact eased a two-year tariff war waged by Trump that aimed to change China's trade practices, although duties remain in place on hundreds of billions of dollars of trade.

Facebook 51
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail