Updated Jun 10, 2021 - World

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

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.

Go deeper