US and China Launch Economic and Financial Working Groups With Aim of Easing Tensions (apnews.com) 11
The U.S. Treasury Department and China's Ministry of Finance launched a pair of economic working groups on Friday in an effort to ease tensions and deepen ties between the nations. From a report: Led by Treasury Secretary Janet Yellen and Vice Premier He Lifeng, the working groups will be divided into economic and financial segments. The working groups will "establish a durable channel of communication between the world's two largest economies," Yellen said in a series of tweets detailing the announcement. She said the groups will "serve as important forums to communicate America's interests and concerns, promote a healthy economic competition between our two countries with a level playing field for American workers and businesses."
The announcement follows a string of high-ranking administration officials' visits to China this year, which sets the stage for a possible meeting between President Joe Biden and his Chinese counterpart, Xi Jinping, in November at an Asia-Pacific economic conference in San Francisco. China is one of the United States' biggest trading partners, and economic competition between the two nations has increased in recent years. The two finance ministers have agreed to meet at a "regular cadence," the Treasury Department said in a news release.
The announcement follows a string of high-ranking administration officials' visits to China this year, which sets the stage for a possible meeting between President Joe Biden and his Chinese counterpart, Xi Jinping, in November at an Asia-Pacific economic conference in San Francisco. China is one of the United States' biggest trading partners, and economic competition between the two nations has increased in recent years. The two finance ministers have agreed to meet at a "regular cadence," the Treasury Department said in a news release.
economic competition between the two nations (Score:1)
About damn time... (Score:3)
trade promotes peace [adb.org], historically hot wars have followed tariff wars [imf.org]
History has also demonstrated that saber rattlers are usually chicken hawks [wikipedia.org] who want to send other people to fight, but rarely fight themselves
Ok, what did you say? (Score:2)
Did you make a Winnie Poop joke? Or why is this [slashdot.org] the exact next story in the list?
Re: (Score:2)
> why is this [China's exports of two rare minerals essential for manufacturing semiconductors fell to zero in August] the exact next story in the list?
I guess that might be part of the reason for the talks : maybe both nations' tit for tat moves aren't working out too good for either of them.
Re: Ok, what did you say? (Score:2)
Re: (Score:2)
I agree. I have the impression both China and the US are doing just fine.
The talks appear to be happening because they think less economic hostility might help their mutual economies do even better.
Easy enough (Score:3)
2) China needs to quit making artificial islands in attempt to claim a sea
3) China needs to leave the Uygurs alone
In other words, quit being assholes. Do I think China will do any of these? Oh hell no.