Senior Chinese officials voice concerns on US tariffs, investment curbs in ‘candid’ bilateral meeting
- Third meeting of Economic Working Group also covered financial cooperation within the G20 framework, industrial policies and debt issues
- US delegates in Beijing raised issues with China’s overcapacity and its impact on American workers and firms
Senior Chinese economic officials meeting their US counterparts in Beijing this week voiced concerns over tariffs, investment restrictions and sanctions on mainland firms, according to China’s Ministry of Finance.
In the third meeting of the Economic Working Group between the world’s two largest economies, officials held “in-depth, candid, pragmatic and constructive communication” over the domestic macroeconomics and policies, a statement from the ministry’s website said.
The US delegates raised their concerns about China’s industrial policy practices and overcapacity as well as the resulting impact on American workers and firms, according to a readout from the US Treasury Department.
“US officials reaffirmed that the US is not seeking to decouple the two economies and instead seeks a healthy economic relationship that provides a level playing field for American companies and workers,” the readout said.
