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U.S. & China to Discuss Debt & Other Issues at G20 Meet

On Friday, the United States and China will hold deputy-level talks between their finance officials to discuss debt and other issues on the sidelines of a G20 finance meet in India.

Flags of China and U.S.
Flags of China and U.S.

U.S. Treasury Secretary on the Importance of Communication with China

U.S. Treasury Secretary Janet Yellen said on Thursday, ahead of a meeting of G20 finance ministers and central bank governors near Bengaluru, that communication between the United States and China was important for "the sake of the entire globe."

Multilateral Issues to be Discussed at U.S.-China Meeting

One of the sources, both of whom declined to be named as they were not authorized to talk to the media, said a range of multilateral issues would be discussed at the Friday meeting, including debt.

Janet Yellen, U.S. Treasury Secretary
Janet Yellen, U.S. Treasury Secretary

No Comment from the U.S. Treasury & China's Ministry of Finance

A U.S Treasury spokesperson declined to comment when asked about the planned meeting. China's Ministry of Finance and its central bank did not immediately respond to a comment request.

U.S. Criticizes China for 'Foot-Dragging' on Debt Relief

The United States has repeatedly criticized China over what it considers "foot-dragging" on debt relief for dozens of low-and middle-income countries, including Sri Lanka.

China Urges G20 to Conduct Fair & Objective Analysis of Global Debt Issues

On Friday, China, the world's largest bilateral creditor, urged G20 nations to conduct a fair, objective, and in-depth analysis of the causes of global debt issues and "resolve the problem comprehensively and effectively."