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After a gap of 4 months, an important communication mechanism between China and the United States was finally restarted with the departure of the US delegation. In order to smoothly meet with the Chinese representatives, the US side took two big steps back and lowered its posture towards China.

US President Biden

Recently, the Biden administration sent a group of senior officials to Shanghai, who will attend the fifth meeting of the China-US Financial Working Group together with Chinese representatives.

According to the US side, the delegation will be led by Assistant Secretary of the Treasury for International Finance, Nayman. The delegation members include officials from the Federal Reserve and other related units. According to the plan, the US representatives will meet with the deputy governor of the People's Bank of China and other senior Chinese officials.

Naiman said that at this financial meeting, China and the United States will discuss various issues related to financial stability, cross-border data, and loans and payments. At the same time, the two sides will also communicate on the improvement measures that the two countries can take when financial pressure occurs.

US media stated that the US move to send a delegation to visit China is mainly to maintain the stability of economic relations between the two countries to the greatest extent possible amid the increasing trade tensions between the two countries.