China and U.S. Agree to New Dialogue on Trade

What’s new: The top commerce officials of China and the United States agreed Monday to create new dialogue mechanisms to discuss trade and investment issues in a move to stabilize economic ties between the world’s two largest economies.

China’s Minister of Commerce Wang Wentao held talks Monday in Beijing with U.S. Secretary of Commerce Gina Raimondo. They agreed to establish a working group of senior officials and business representatives from both sides to address specific commercial issues. The working group will meet twice a year at the vice minister level. Wang and Raimondo agreed to communicate regularly and meet at least once a year.