on September 22, 2023, the United States and China launched two new economic working groups, one on trade and one on technology. The working groups are designed to promote communication and cooperation between the two countries on economic issues.
The US-China Economic and Trade Working Group will be led by US Treasury Secretary Janet Yellen and Chinese Vice Premier Liu He. The group will focus on issues such as trade in goods and services, investment, and intellectual property rights.
The US-China Technology Working Group will be led by US National Security Advisor Jake Sullivan and Chinese Foreign Minister Wang Yi. The group will focus on issues such as cybersecurity, artificial intelligence, and emerging technologies.
The launch of the two working groups is a sign that the United States and China are willing to work together on economic issues despite their differences. The working groups are also a sign that the two countries recognize the importance of economic cooperation in the 21st century.
It is hoped that the two working groups will be able to make progress on a number of important economic issues. For example, the trade working group could help to reduce tariffs and other trade barriers between the two countries. The technology working group could help to develop new rules and norms for cooperation on emerging technologies such as artificial intelligence.
The launch of the two working groups is a positive step, but it is important to note that the relationship between the United States and China remains complex and challenging. The two countries have different economic systems and different values. It is therefore important to manage expectations and to be realistic about the potential for progress.