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United States and China launch economic and financial working groups with aim of easing tensions

  • The U.S. Treasury Department and China's Ministry of Finance have launched economic working groups to improve relations between the two nations. Led by Treasury Secretary Janet Yellen and Vice Premier He Lifeng, the working groups will focus on economic and financial matters, establishing a channel of communication between the world's largest economies.
  • Janet Yellen emphasizes that these working groups will promote healthy economic competition between the U.S. And China, ensuring a level playing field for American workers and businesses. The goal is to address America's interests and concerns while fostering a positive relationship with China.
  • The establishment of these working groups signals a step towards easing tensions and deepening ties between the U.S. And China. By providing a platform for open dialogue and collaboration, both nations can work towards resolving economic issues and creating mutually beneficial outcomes.
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Winnipeg Free Press broke the news in Winnipeg, Canada on Friday, September 22, 2023.
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