Updated Jun 10, 2021 - World

Chinese-U.S. commerce officials agree to press ahead with trade talks, Beijing says

Axios

Beijing, CHINA: A US and a Chinese flag wave outside a commercial building in Beijing, 09 July 2007. — Photo: Teh Eng Koon/AFP via Getty Images

China's government announced late Wednesday that it had reached an agreement with U.S. commerce officials to press ahead with trade and investment ties.

Driving the news: Commerce Secretary Gina Raimondo and her Chinese counterpart Wang Wentao "agreed to promote the healthy development of pragmatic trade and investment cooperation and properly handle differences," according to a statement from China's government translated by the South China Morning Post.

Both parties agreed to continue with communications on the matter.

The big picture: It was the third phone conversation between top officials from the two nations in the past few weeks, following Treasury Secretary Janet Yellen's discussions with Vice Premier Liu He, Bloomberg notes.

The talks come a day after the Biden administration announced a new "supply chain trade strike force" to look at unfair trade practices by China's government.
Representatives for the Biden administration did not immediately respond to Axios' request for comment.

Editor's note: This article has been updated with new details throughout.

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Chinese-U.S. commerce officials agree to press ahead with trade talks, Beijing says

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