The China -US Economic Working Group held a meeting last week. The attendees included a Federal Reserve officials, and the Fed also started the first four years of interest rate cuts in four years.Chinese media believe that China and the United States face -to -face at the time of interest rate cuts are conducive to preventing risks.
The Federal Reserve announced on Wednesday (September 18) announced the 50 basis points to cut interest rates.The Sino -US Economic Working Group held the fifth meeting from Thursday to Friday (19th to 20th).
China CCTV's new media "Yuyuan Tan Tian" posted a post on Saturday (21st) that among the US personnel who went to China this time, there was a US Federal officials, the current director of the Federal Reserve's international financial department, Bess.Annie Wilson.
Yuyuan Tan Tian believes that at the key time point of the Fed's first four years of interest rate cuts in the past four years, China and the United States can sit down to face -to -face interviews, which is conducive to preventing risks.
The United States is led by Deputy Director Shang Bo, and is mainly involved in the Ministry of Finance and Federal Reserve officials.
China is led by Liao Yan, deputy minister of the Ministry of Finance.
The Ministry of Finance of China introduced on the official website earlier that the two sides conducted frank, pragmatic and constructive issues on the macroeconomic situation and policies of the two countries, the response to global challenges, and the concerns of both parties.China has expressed serious concerns about the United States' impact tariffs on China, restrictions on investment in China, sanctions involving Russia, and impacting the interests of Chinese enterprises.The two sides agreed to continue to communicate.
The US Treasury Department announced that the two sides first exchanged opinions on supporting domestic and global economic balance growth.U.S. officials also continued to discuss the concerns raised by the Minister of Finance during the visit to China in April, including signs of excessive production capacity in some areas of China's economy, non -market policies and practices in China, and its impact on American workers and enterprises.And Chinese companies support Russia's war in Ukraine.
The US Treasury also said that the two sides exchanged opinions on domestic macroeconomic prospects and discussed in the field of cooperation.These areas include debt issues, as well as financing challenges in emerging and developing economies.