The Chinese and U.S. delegations convened on the morning of March 15 for talks on economic and trade issues.

Guided by the important consensuses reached between the heads of state of the two countries during their meeting in Busan and all previous phone calls, the two sides will engage in consultations on economic and trade issues of mutual concern, a spokesperson for China's Ministry of Commerce said in a statement on March 13.

The Chinese delegation is led by Vice Premier He Lifeng, also a member of the Political Bureau of the Communist Party of China Central Committee.