Chinese and US delegations convened in Kuala Lumpur on Saturday for talks on economic and trade issues, according to Xinhua news agency.
China’s Ministry of Commerce said in a statement that both sides would hold consultations on key matters concerning China-US economic and trade relations, in line with the important consensus reached between the two heads of state during their phone calls earlier this year.
The Chinese delegation was led by Vice Premier He Lifeng, accompanied by Vice Minister of Commerce Li Chenggang and Vice Minister of Finance Liao Min. The US delegation was headed by Treasury Secretary Scott Bessent.
Bessent and He Lifeng are negotiating to ease the recently escalated trade measures imposed by both countries on each other. The discussions are also expected to lay the groundwork for a meeting between US President Donald Trump and Chinese President Xi Jinping, scheduled for next Thursday on the sidelines of the Asia-Pacific Economic Cooperation (APEC) Summit in South Korea.
