China, US seeking to set stage for Xi-Biden summit as Economic Working Group holds first meeting
- Two-hour Economic Working Group meeting covered macroeconomic situations and policies, economic relations and cooperation in responding to global challenges
- Foreign Minister Wang Yi will visit Washington this week, while President Xi Jinping could attend November’s Asia-Pacific Economic Cooperation summit in San Francisco
A “productive and substantive” first round of new economic negotiations between Beijing and Washington could set the stage for President Xi Jinping’s potential visit to the United States next month, analysts said, as the world’s two largest economies seek to iron out a series of issues.
Chaired by financial officials at the deputy ministerial level, the first Economic Working Group meeting on Tuesday had “in-depth, candid and constructive communication”, a statement from China’s Ministry of Finance said.
The virtual meeting covered domestic and global macroeconomic situations, bilateral economic relations and cooperation in responding to global challenges, it said.
“China expressed its concerns. Both parties will continue to maintain communication,” the Ministry of Finance statement added.