BEIJING, Oct. 23 -- Chinese Vice Premier He Lifeng, also a member of the Political Bureau of the Communist Party of China Central Committee, will lead a delegation to Malaysia from Oct. 24 to 27 to hold economic and trade consultations with the U.S. side, China's Ministry of Commerce announced Thursday.

The two sides will hold consultations on important issues in China-U.S. 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, a ministry spokesperson said in a statement.