READOUT: Fifth Meeting of the Economic Working Group Between the United States and the People’s Republic of China

BEIJING – The United States and the People’s Republic of China held the fifth meeting of the Economic Working Group (EWG) on September 19-20 in Beijing. This was the second EWG held in China.Over two days of meetings, senior officials from the U.S. Department of the Treasury and China’s Ministry of Finance convened for a set of productive discussions and were joined by participants from other agencies. The two sides opened the discussions by exchanging views on policies that support balanced growth in the domestic and global economies. U.S. officials also continued discussions related to issues of concerns raised during Secretary Janet L. Yellen’s visit to China in April, including signs of increasing overcapacity in certain sectors of the Chinese economy, China’s non-market policies and practices and their impact on U.S.