WASHINGTON - US Treasury Undersecretary Jay Shambaugh met on Friday with China's new ambassador to the United States, Xie Feng, holding a discussion aimed at maintaining open communications between the world's two largest economies, the Treasury said.
Shambaugh, who heads international affairs at Treasury, raised US concerns with Xie, but "emphasised the importance of the two largest economies closely communicating on global macroeconomic and financial issues and working together on global challenges." Last week, US Trade Representative Katherine Tai and Commerce Secretary Gina Raimondo met separately with Chinese Commerce Minister Wang Wentao, with both sides trading objections about each other's trade, investment and export policies.
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