China and the United States have held a meeting of economic work group again in less than half a year. Economic issues such as imposing tariffs on China, overcapacity in China, and Chinese non -market policies and behaviors have continued to confront the United States, but it has also released signals to maintain cooperation.
The analysis of scholars interviewees analyzed that the US election entered the countdown for one and a half months, and the Federal Reserve cut interest rates for the first time in the past four years. China and the United States hope to maintain the global financial market through communication and coordination on key nodes to avoid the emergence of "October surprise" emergencies.At the same time, more conditions may be created for the two heads of state of the two countries during the year.
According to the Ministry of Finance of China, the Sino -US Economic Working Group held a two -day fifth meeting in Beijing last Thursday (September 19).Co -host.This is the second meeting in Beijing since its establishment in September last year.
Chinese officials have expressed their serious concerns on the United States' tariffs on China, restrictions on investment in China, sanctions involving Russia, and influenced the interests of Chinese enterprises.The United States announced on September 13 that it would impose tariffs on billions of dollars in Chinese goods. Many of the new tax rates will take effect on the 27th of this month.
According to the US Ministry of Finance, US officials continue to discuss the concerns raised by Treasury Secretary Yellen during the visit to China in April this year, including exacerbation of overcapacity in some areas of China's economy, signs of exacerbation of Chinese non -market policies and behaviorsIts influence on American workers and companies, as well as Chinese companies' support for Russia in the Ukrainian war.
Although there are continuous differences in various economic issues, both China and the United States actively evaluate the working group meeting last week.The Chinese Ministry of Finance said 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, and agreed to continue to communicate.
The U.S. Treasury Department also said that senior officials of the two countries have conducted a series of effective discussions; at the end of the meeting, the two parties also exchanged opinions on domestic macroeconomic prospects and discussed the fields of cooperation, including emerging and developing economies of economies.Debt issues and financing challenges.
He Lifeng, the leader of China and the United States, met with China -US Economic and Trade.
The US Treasury delegation said that Yellen was satisfied with the role of the Sino -US economic working group in maintaining the stability of bilateral economic relations, saying that this provides tough communication channels for the areas of concern and further cooperation in both parties.
Fu Fangjian, an associate professor of Li Guangqian Business School in Singapore Management University, analyzed in an interview with Lianhe Zaobao that although the United States continued to increase China in the economic and trade field, this did not change the momentum of maintaining affairs in the two countries.
The US election has entered the last one and a half months, and the Fed announced the first interest rate cut for four years last week, which exceeded market expectations, which caused speculation that the US economy faced the risk of recession.
China CCTV's new media "Yuyuan Tan Tian" posted a post on Saturday (21st) that the current director of the US Federal Reserve's international financial department, Wilson, was ranked by the US personnel of China last week;China and the United States can sit down to face -to -face interviews, which is conducive to preventing risks.
Fu Fangjian believes that the Bayeng government hopes that China will cooperate with stable global financial markets on this key node, including avoiding the sale of US debt, in order to prevent the emergence of "October surprise" emergencies to impact the Democratic Party's election.
Fu Fangjian also studied and judged that Sino -US economic officials began a transactional dialogue last week. It may also be aimed at seeking some specific consensus to create more conditions for the two heads of state to talk or meet again within the year.The United States may also require China to buy more US debt and exempt or postpone debt of some developing countries. In order to resolve the risk of air in the United States financial institutions that invest in business bonds in a large local area.