US and China Continue Financial Cooperation Amid Tensions

Third meeting of the Financial Working Group concludes, with both sides agreeing to meet regularly despite ongoing disagreements.

US and Chinese officials have completed the third meeting of a working group established to cooperate on financial issues, discussing topics ranging from financial stability to countering money laundering.
Treasury Secretary Janet Yellen is expected to return to China for a visit at some point in the future.
The Financial Working Group, launched in September along with an Economic Working Group, aims to serve as a channel to facilitate progress on bilateral financial policy matters.
Despite ongoing tensions and disagreements, both sides have agreed to continue to meet regularly.
The high-level dialogue comes at a time of serious economic headwinds for China and as the country sees a steep decline in its exports to the US.