US-China Officials Meet in Bangkok to Discuss Market Access for American Firms
On.cc · 2 SOURCESabout 2 hours ago1 MIN
Summary
US and Chinese officials conducted bilateral talks in Bangkok this week, with American representatives raising market access concerns for major US financial companies. The meetings occurred alongside G20 finance ministerial sessions and the IMF-World Bank annual gatherings, continuing discussions originally broached during last month's Xi-Trump summit.
Key Points
- US-China officials held at least two bilateral meetings in Bangkok, Thailand during international finance events
- The US delegation was led by Deputy Treasury Secretary Francis Brooke; Chinese officials represented the Finance Ministry and People's Bank of China
- Washington pressed Beijing on market access for Mastercard, Visa and Citigroup, seeking regulatory approvals
- These market access commitments stem from agreements during President Xi's visit to the United States last month
- Regulatory approvals were part of the broader consensus reached during the Xi-Trump summit
Why It Matters
The talks demonstrate continued engagement between the world's two largest economies following last month's leadership summit, with financial market access emerging as a key pressure point in bilateral trade relations .
The talks demonstrate continued engagement between the world's two largest economies following last month's leadership summit, with financial market access emerging as a key pressure point in bilateral trade relations .