The China-U.S. economic working group just wrapped up its seventh meeting in the vibrant city of Johannesburg, South Africa! 🇿🇦 The talks, announced by China's Ministry of Finance on Monday, brought together heavyweights from both sides to discuss some pretty crucial stuff.
Co-chairing the meeting were China's Vice Minister of Finance Liao Min and U.S. Under Secretary of the Treasury Jay Shambaugh. These big hitters delved deep into candid and constructive conversations about the macroeconomic vibes and policies rocking both nations. 📈📉
They didn't stop there! The duo also brainstormed on how to team up and help low-income countries tackle liquidity challenges. Plus, they chatted about shaking up the governance and reform of multilateral development banks. Talk about making moves! 🌐💪
But it wasn't all smooth sailing. The Chinese side made sure to voice their stance on certain economic and trade matters, expressing concerns over recent U.S. trade and economic restrictions against China. Ouch! 😬
All in all, it seems both countries are trying to find common ground while navigating some tricky economic waters. Stay tuned for more updates on this international tango! 💃🕺
Reference(s):
cgtn.com
