25 August,2020 09:46 AM IST | Beijing | AP
Xi Jinping
US and Chinese trade envoys discussed strengthening coordination of their government's economic policies during a phone meeting Tuesday, the Ministry of Commerce announced.
The announcement gave no details of the meeting held as part of the 'Phase 1' truce aimed at ending a tariff war between the two biggest global economies that has disrupted worldwide trade.
President Xi Jinping's government has lobbied Washington since at least 2016 to coordinate macroeconomic policies. Beijing has given no details, but such policies can include economic growth, employment, inflation and trade.
Tuesday's meeting included Vice Premier Liu He, U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin, the ministry said.
ALSO READ
Fresh plea in SC seeks probe into US indictment of Adani
US charges against Adani and others may lead to arrest warrants and extradition
US intelligence warns defence companies of Russian sabotage threat
North Korean leader Kim Jong Un says past diplomacy only confirmed US hostility
Billionaire Gautam Adani charged in US with USD 250 mn bribery, fraud
"The two sides had a constructive dialogue on strengthening the coordination of the macroeconomic policies of the two countries and the implementation of the 'Phase 1' agreement," a ministry statement said.
Under the 'Phase 1' agreement signed in January, both governments agreed to suspend additional penalties on each other's goods in a fight that erupted in 2018 over Beijing's technology ambitions and trade surplus.
The truce called for talks to be held after six months, but those were delayed due to the coronavirus pandemic. A meeting scheduled for last week was to be held online but was postponed.
Catch up on all the latest Crime, National, International and Hatke news here. Also download the new mid-day Android and iOS apps to get latest updates.
Mid-Day is now on Telegram. Click here to join our channel (@middayinfomedialtd) and stay updated with the latest news
This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever