China US economic and trade leaders hold video call

According to a report on the website of the Lianhe Zaobao of Singapore on January 7, when the US President elect Trump is about to take office, He Lifeng, the Chinese leader of Sino US trade and economic relations and Vice Premier of the State Council, and Yellen, the US leader and US Minister of Finance, held a video call on the 7th. The two sides agreed to maintain communication, manage differences and continue to stabilize Sino US economic relations during the transition period

According to reports, both sides have reviewed and summarized the experience of economic exchanges and cooperation between China and the United States in recent years, actively evaluated the important role of dialogue mechanisms such as the China US Economic and Financial Working Group, and agreed to maintain communication, manage differences, and continue to stabilize China US economic relations during the transition period

The report stated that China has expressed concerns about the US economic and trade restrictions on China, especially clarifying its position on the recent trade investigation implemented by the US

According to reports, the Biden administration announced last month that it would launch a 301 investigation into China's semiconductor industry. The investigation will first focus on Chinese made basic chips (also known as traditional or mature process chips), including examining their usage in downstream products and key industry end products such as defense, automotive, and medical equipment

The report stated that the video call was candid, in-depth, and constructive, and both parties agreed on the importance of maintaining communication and contact