US-China Economic Working Group Holds First Meeting... "Productive and Substantive Communication"
The US-China Economic Working Group held its first virtual meeting on the 24th. This comes just over two months after the joint working group was formed in September.
According to the State Council, the US-China Economic Working Group held a virtual meeting lasting about two hours, chaired by deputy finance ministers from both countries. The Chinese Ministry of Finance stated, "Both sides engaged in deep, candid, and constructive communication on topics including the macroeconomic situations and policies of both countries and the global economy, bilateral economic relations, and cooperation on global challenges," adding, "Both sides will continue communication." The US-China Economic Working Group was agreed upon during US Treasury Secretary Janet Yellen's visit to China in July, where she met with Chinese Premier Li Keqiang.
![[Image source=Yonhap News]](http://www.asiae.co.kr/news/img_view.htm?img=2023071008143591483_1688944475.jpg)
The US Treasury Department said in a statement, "The delegation met virtually for two hours and had productive and substantive discussions on topics including domestic and global macroeconomic developments," adding, "US officials also spoke candidly about their concerns."
Hong Kong's South China Morning Post (SCMP) explained, "Despite intensifying technological competition, high-level contacts have increased over the past few months," and "there are signs of easing economic tensions between the two countries." SCMP assessed that "an as-yet unconfirmed US-China summit between Chinese President Xi Jinping and US President Joe Biden is moving forward in preparation."
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According to a US State Department announcement on the 23rd (local time), Foreign Minister Wang Yi will visit the United States from the 26th to the 29th and is scheduled to meet with Secretary of State Antony Blinken and National Security Advisor Jake Sullivan in Washington. This will be Wang's first visit to the US since September last year.
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