US and China establish economic working groups to ease tensions, promote cooperation

The US Treasury Department and China's Ministry of Finance have launched economic working groups.
The groups aim to improve communication on economic and financial matters between the two nations.
They will be led by Treasury Secretary Janet Yellen and Vice Premier He Lifeng.
The goal is to address disagreements, promote fair competition, and stabilize relations.
This follows high-level meetings between US and Chinese officials in recent months.