November 9, 2023

China and the US are set to launch a fresh round of economic and trade talks, as Chinese Vice Premier He Lifeng and US Treasury Secretary Janet Yellen are scheduled to start two days of meetings in San Francisco on Thursday US time, in yet another major development in rapidly intensifying engagements between the two countries to stabilize bilateral ties and pave the way for potential higher-level talks.

The high-stakes meetings will likely focus on macro policies of the two countries, the global economic and trade situation, as well as major concerns the two sides hold, according to officials and analysts. Though major breakthroughs are unlikely, the talks - which come on top of a flurry of meetings and interactions between Chinese and US officials, both at the national and local levels, and businesses - further boost expectations for improved ties between the world's two biggest economies.

During the talks, the Chinese side will likely again raise major concerns over a series of US policies and actions targeting China, including sanctions against a growing number of Chinese firms, restrictions on exports of high-tech equipment to China and illegal additional tariffs on Chinese goods, according to analysts, noting that such actions have not only undermined bilateral trade cooperation but also disrupted global supply chains.

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