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Senior Chinese and US finance officials agree to ‘continue to meet regularly’ amid discord
- Bilateral policy matters like financial stability, capital markets issues and anti-money laundering raised at meeting in Beijing
- But analysts question potential for progress as US maintains hard line on a China beset by economic headwinds
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Ji Siqiin Washington
Senior finance officials from the world’s two largest economies pledged to continue communication and deepen engagement after two days of meetings in Beijing concluded on Friday.
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The third meeting of the Financial Working Group between China and the United States ended with “both sides agreeing to continue to meet regularly”, according to a readout from the US Treasury Department.
But analysts questioned how much further progress could be made given political contrasts limiting the working group’s ability to resolve more fundamental issues.
During a separate meeting with the American delegation on Friday, Vice-Premier He Lifeng said China was willing to work with the US to implement the important consensus reached in San Francisco, according to Xinhua, referring to the one-on-one meeting between Chinese President Xi Jinping and his US counterpart Joe Biden on the sidelines of the Asia-Pacific Economic Cooperation forum last November.
Beijing was also willing to promote the development of bilateral relations in a healthy, stable and sustainable direction, the news agency reported.
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