Kuala lumpur: The Chinese and US delegations convened for talks on economic and trade issues in Kuala Lumpur on Saturday. China's Ministry of Commerce stated that the two sides will hold consultations on important issues in China-US economic and trade ties in accordance with the important consensus reached by the heads of state of the two countries during their phone calls this year.

According to Qatar News Agency, Chinese Vice Premier He Lifeng, along with Vice Minister of Commerce Li Chenggang and Vice Minister of Finance Liao Min, led the Chinese delegation. The US delegation was led by Treasury Secretary Scott Bessent. The negotiations aim to ease the newly escalated trade measures imposed by both countries against each other.

The discussions will also prepare for talks expected next Thursday between US and Chinese presidents Donald Trump and Xi Jinping on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in South Korea.