Beijing,6 February 2024(WAI): A significant meeting occurred between Chinese Vice Premier He Lifeng and a delegation led by Jay Shambaugh, the Under Secretary for International Affairs at the U.S. Department of the Treasury.
The discussions during this pivotal meeting revolved around the imperative need for collaborative efforts to effectively implement the crucial agreements reached by the leaders of both nations during the San Francisco summit.
Vice Premier He Lifeng reiterated the significance of utilizing the working group platform to its fullest potential, stressing the importance of deepening bilateral exchanges and cooperation, fostering consensus, and ensuring stability and growth in China-U.S. economic relations.
He also emphasized the many potential benefits that could be reaped by businesses and citizens of China and the United States through such cooperation.
Jay Shambaugh’s visit to China coincided with the third session of the China-U.S. economic working group, a testament to the ongoing commitment of both nations to foster constructive dialogue and cooperation in financial matters.
This working group, established under the guidance of bilateral summit agreements, serves as a vital mechanism for economic dialogue, facilitating collaboration between lead officials from China and the United States overseeing financial and trade affairs.
This group, led by vice-ministerial officials from China’s Ministry of Finance and the U.S. Department of the Treasury, plays a pivotal role in shaping the economic landscape between the two nations.
Also Read: UN pledges Solidarity with Earthquake-Stricken Türkiye & Syria
This meeting underscores the unwavering commitment of China and the United States to promote mutual understanding, resolve differences amicably, and foster sustainable economic growth for the betterment of both nations.
It reflects a shared aspiration to build a robust economic partnership that benefits not only the governments but also the businesses and citizens of both China and the United States of America.
Political Analyst | M.Phil. Scholar
