US and China Economic Delegations Held Trade Talks in New York

US and China delegations met in New York to address economic and commercial issues ahead of the anticipated visit of Chinese President Xi Jinping to the country. Trade and artificial intelligence stood out during the all-day talks.

Details of the Critical Summit in New York

US and China delegations met in New York to discuss economic and commercial issues ahead of Chinese President Xi Jinping's expected visit to the US. The talks between the US delegation led by Treasury Secretary Scott Bessent and the Chinese delegation led by Vice Premier He Lifeng at JPMorgan Chase's headquarters lasted all day.

Artificial Intelligence and Notification Mechanism

Following the meeting, Bessent stated that they had a very successful discussion with China on trade and artificial intelligence. While the US proposed establishing a notification mechanism between the two countries regarding artificial intelligence, this structure is planned to be called the US-China AI Dialogue.

Trade Council and Next Steps

US Trade Representative Jamieson Greer said that the ideas of a Trade Council and AI dialogue, discussed during the talks in Beijing, became a reality today. The teams are working on products where trade can be conducted in a non-sensitive and balanced manner when potential trade measures come to the agenda.

Preparation for the Leaders' Summit

These economic talks serve as a preparation for Chinese President Xi's expected visit to the US this week. The Chinese leader is planned to visit the US on September 23, and the parties are laying the necessary groundwork for this summit.