US, China Form Economy Working Groups in Sign of Better Ties
- Move marks resumption of dialogue following US visits to China
- Groups to meet regularly at vice-minister level, Treasury says
The creation of the two groups marks a resumption of regular economic dialogue between the two nations for the first time since 2018.
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The US and China are establishing two working groups to discuss economic and financial issues, the latest sign of a thaw in relations between the world’s largest economies.
The groups “will provide ongoing structured channels for frank and substantive discussions on economic and financial policy matters, as well as an exchange of information on macroeconomic and financial developments,” the US Treasury Department said in a statement Friday.