New Round of China-U.S. Trade Talks Starts in Washington
DATE:  Feb 22 2019
/ SOURCE:  yicai

(Yicai Global) Feb. 22 - Negotiators from China and the United States kicked off the seventh round of high-level economic and trade talks in Washington on Thursday. 

The opening ceremony of the talks was jointly chaired by Chinese Vice Premier Liu He, who also came as the special envoy of Chinese President Xi Jinping, U.S. Trade Representative Robert Lighthizer, and Treasury Secretary Steven Mnuchin.

Liu is also a member of the Political Bureau of the Communist Party of China Central Committee and chief of the Chinese side of the China-U.S. comprehensive economic dialogue.

The two-day talks came on the heels of the just-concluded round held in Beijing from February 14 to 15, and the working-level consultation between the two sides has started earlier on Tuesday.

These discussions aimed to resolve outstanding issues regarding the economic and trade relations between the world's two largest economies, as negotiators of both sides have worked relentlessly to achieve consensus on issues of major concern before March 1.

With the current round counted in, there have been three rounds of talks between the two sides in less than a month, despite the week-long Lunar New Year holidays in China and Washington's Birthday long weekend in the United States.

During the talks last week, the two sides reached consensus in principle on major issues, and had specific discussions about a memorandum of understanding on bilateral economic and trade issues.

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