October 1, 2022

China holds economic talks with second top US official in a week, East Asia News & Top Stories

BEIJING (REUTERS) – 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.

Mr 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 Mr Joe Biden took office in January, comes as the US administration criticises 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 Mr Liu’s video call with Ms Yellen on Wednesday (June 2), both sides conducted extensive exchanges on the macroeconomic situation and bilateral and multilateral cooperation, the official Xinhua news agency reported.

“The two sides believed that the China-U.S. 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, Ms 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 US$200 billion (S$264 billion) over 2020 and 2021, compared with a 2017 baseline.

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

in World
Related Posts

Kamala Harris holds ‘candid’ migration talks with Mexico president, United States News & Top Stories

June 8, 2021

June 8, 2021

MEXICO CITY (AFP) – US Vice-President Kamala Harris said she held “candid” and productive talks with Mexican President Andres Manuel...

US President Biden to meet Germany’s Merkel in Washington on July 15, Europe News & Top Stories

June 11, 2021

June 11, 2021

CARBIS BAY, UK (AFP) – United States President Joe Biden will meet outgoing German Chancellor Angela Merkel in Washington next...

Delta variant accounts for 90% of Moscow’s new Covid-19 cases, says mayor, Europe News & Top Stories

June 23, 2021

June 23, 2021

MOSCOW (REUTERS, AFP) – Ninety per cent of newly detected Covid-19 cases in Moscow are being registered as the more...

Iran enriched record uranium stockpile amid Vienna talks, Middle East News & Top Stories

May 31, 2021

May 31, 2021

TEHERAN (BLOOMBERG) – Iran produced a record volume of highly enriched uranium that could quickly be turned into fuel for...

Britain begins negotiations to join trans-Pacific trade deal, Europe News & Top Stories

June 21, 2021

June 21, 2021

LONDON (REUTERS) – Britain will begin negotiations on Tuesday (June 22) to join a trans-Pacific trade deal that it sees...

Iraq sizzles as blackouts hit, Middle East News & Top Stories

July 3, 2021

July 3, 2021

BAGHDAD (AFP) – When the mercury soared to 52 deg C this week in Iraq, Ali Karrar placed his baby...

G-7 to counter China’s Belt and Road initiative with infrastructure project: Senior US official, Europe News & Top Stories

June 12, 2021

June 12, 2021

CARBIS BAY, ENGLAND (REUTERS) – The Group of Seven (G-7) rich nations will announce on Saturday (June 12) a new...

UK receives 6 million applications to EU settlement scheme before deadline, Europe News & Top Stories

July 2, 2021

July 2, 2021

LONDON (REUTERS) – Britain said on Friday (July 2) it had received 6 million applications to its settlement scheme for...

California already in throes of drought as summer looms, United States News & Top Stories

May 30, 2021

May 30, 2021

OROVILLE, UNITED STATES (AFP) – Summer has not even begun and Lake Oroville, the second-largest reservoir in California that provides...

Covid-19 vaccines offer high protection against hospitalisation from Delta variant: UK study, Europe News & Top Stories

June 14, 2021

June 14, 2021

LONDON (REUTERS) – Covid-19 vaccines made by Pfizer and AstraZeneca offer high protection of more than 90 per cent against...

US to send 3 million Covid-19 vaccine doses to Brazil after single-day record in cases, World News & Top Stories

June 23, 2021

June 23, 2021

WASHINGTON (REUTERS) – The United States on Thursday (June 24) will ship three million doses of the Johnson & Johnson one-shot...

Putin says the time will come when he names his possible successor, Europe News & Top Stories

June 30, 2021

June 30, 2021

MOSCOW (REUTERS) – President Vladimir Putin told Russians on Wednesday (June 30) that the time would come when he would...

Moderna says its Covid-19 vaccine found safe, effective in teens, United States News & Top Stories

May 25, 2021

May 25, 2021

CHICAGO (REUTERS) – Moderna’s Covid-19 vaccine was shown to be effective in adolescents aged 12 to 17 and showed no...

All flights over Belarus must cease after ‘air piracy’: Senior UK lawmaker, Europe News & Top Stories

May 24, 2021

May 24, 2021

LONDON (REUTERS) – The chairman of the British Parliament’s Foreign Affairs Committee called on Monday (May 24) for all civilian...

Bosnian woman awarded 'Green Nobel' for fighting to save river

June 16, 2021

June 16, 2021

June 16, 2021 6:41 PM KRUSCICA, BOSNIA (REUTERS) – Maida Bilal endured being beaten and harassed when she spent more...