Senior US and Chinese economic officials will meet in Shanghai on Aug. 15-16 for the first time since China outlined its long-term economic priorities. The discussions, part of the Financial Working Group, will address macroeconomic stability, IMF governance, and capital markets. The US delegation includes Treasury, Federal Reserve, and SEC officials, with Treasury’s Nellie Liang, an expert on financial stability, attending. Topics include swap arrangements involving China's central bank, though no US-China swap deal is planned. The meetings aim to maintain communication amid heightened trade tensions, following China’s recent Third Plenum meeting and ongoing US concerns about China’s industrial policy.