China, US pursue AI, investment talks in New York
Chinese and US officials concluded a second day of economic talks in New York on Monday, focusing on artificial intelligence, investment and trade ahead of President Xi Jinping’s state visit to the United States this week. China’s Vice Finance Minister Liao Min said the Monday discussions concentrated on implementing understandings reached by the two sides’ lead negotiators. He spoke briefly…
Chinese and US officials concluded a two-day round of economic talks in New York on Monday, with a focus on artificial intelligence, investment and trade. The meetings were held at JPMorgan Chase’s headquarters in Manhattan and focused on implementing agreements reached by the lead negotiators of the two sides. Chinese Vice Finance Minister Liao Min said the discussions covered bilateral trade and investment and issues related to AI.
US Treasury Secretary Scott Bessent said the talks had been candid, in-depth and constructive, and that both sides agreed to continue working on the issues. No new AI agreement was announced, leaving the proposed mechanism for further negotiation and possible consideration by the two presidents. The existing tariff truce, set to expire in November, was a central issue before President Xi Jinping's state visit to the United States.
US Trade Representative Jamie Jamieson Greer said an extension of three to six months was possible, though the terms were still under discussion.
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