READOUT: Secretary of the Treasury Janet L. Yellen’s Bilateral Meeting with the Leadership of the U.S.-People’s Republic of China Economic and Financial Working Groups

Washington - U.S. Secretary of the Treasury Janet L. Yellen met with the Economic Working Group (EWG) and Financial Working Group (FWG) on April 16. Following her trip to Beijing and Guangzhou last week, Secretary Yellen and the leads of the two groups had productive conversations about how the working groups can continue to advance the bilateral relationship across areas of both cooperation and disagreement. In particular, the Secretary received updates from the EWG on their work on the Intensive Exchange on Balanced Growth in the Domestic and Global Economies and from the FWG on the new Joint Treasury-People’s Bank of China Cooperation and Exchange on Anti-Money Laundering (AML), as well as upcoming plans for technical exercises on financial stability.