The Chinese and US governments have announced that they will hold a new round of trade talks in Malaysia from October 24 to 27. The talks will be led by Chinese Vice Premier He Lifeng and will focus on key issues in the China-US trade relationship. The two sides will discuss the implementation of the Phase One trade agreement, which was signed in 2019. The agreement aimed to address issues such as intellectual property protection, technology transfer, and agricultural trade. The US Trade Representative's office has also announced that it will conduct a Section 301 investigation into China's implementation of the Phase One agreement. The investigation will examine whether China has fulfilled its commitments under the agreement and whether any non-compliance has harmed US businesses. The US Trade Representative has stated that the investigation will determine the necessary actions to address any non-compliance. The talks in Malaysia are seen as an opportunity for the two sides to make progress on trade issues and to strengthen their economic relationship.