Chinese vice premier, U.S. Treasury Secretary talk over economic ties

China and the U.S. agreed to maintain communication on economic ties as senior officials from the two countries held video talks on Wednesday morning, China’s Commerce Ministry said.

In the conversations between Chinese Vice Premier Liu He, also the chief of the Chinese side of the China-U.S. comprehensive economic dialogue, and U.S. Treasury Secretary Janet Yellen, highlighted the importance and China-U.S. economic relations.

Both sides believe China-U.S. economic relations are very important, according to a ministry statement.

The talk came less than a week after Liu had a phone conversation with U.S. Trade Representative Katherine Tai on May 27.

The two largest economies inked their phase-one agreement in January last year, after a nearly two-year-long trade dispute. China agreed to buy an additional 200 billion dollars of goods and services from the U.S. before the end of 2021, compared with 2017 baseline levels.

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