Overview
- 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.