Chinese Vice Premier He Lifeng held a pivotal video conference with U.S. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer on Friday, December 5, 2025, marking the latest effort to stabilize bilateral economic relations. As China's lead representative for economic and trade affairs with the U.S., He emphasized mutual commitments to addressing trade disputes and fostering market stability during the two-hour dialogue.
The discussion focused on implementing previous agreements from the 2024 APEC Leaders' Meeting, with both sides reaffirming intentions to reduce tariffs on clean energy technologies. Analysts view this exchange as critical amid ongoing global supply chain realignments, particularly in semiconductor and renewable energy sectors.
While no formal agreements were announced, a joint statement highlighted plans for working-level technical discussions in Q1 2026. The talks occurred against the backdrop of China's projected 5.2% GDP growth this year and recent U.S. interest rate adjustments, factors both parties acknowledged as shaping future collaboration frameworks.
