Hey there, global citizens! 🌍 Big news from Washington D.C. this week as China and the U.S. sat down to tackle some of the world's biggest economic challenges!
On Friday, the China-U.S. economic working group held its sixth meeting, bringing together top officials from both sides. Chinese Deputy Finance Minister Liao Min teamed up with Jay Shambaugh, the under secretary for international affairs at the U.S. Department of the Treasury. They met on the sidelines of the 2024 Annual Meetings of the International Monetary Fund and the World Bank Group.
The vibes were constructive! 🤝 Both sides had 'in-depth, pragmatic and constructive' conversations about their economies and policies. They focused on teaming up to help low-income countries tackle liquidity challenges—a move that could make a big difference for nations in need.
China shared updates on its current economic situation and introduced a fresh package of targeted fiscal policies aimed at boosting growth. 🇨🇳 They also expressed concerns about additional U.S. tariffs on Chinese goods and sanctions related to Russia.
But that's not all! After the meeting, Liao Min caught up with U.S. Treasury Secretary Janet Yellen for some friendly talks. Could this be a sign of smoother relations ahead? Only time will tell! 🌠
This meeting marks an important step in China-U.S. collaboration, showing that even with differences, they can come together to tackle global issues. Stay tuned for more updates on this developing story!
Reference(s):
China, U.S. discuss macroeconomic policies and global challenges
cgtn.com
