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US Treasury Secretary Janet Yellen Holds Constructive Talks with Chinese Premier Li Qiang on Economic Cooperation

US Treasury Secretary Janet Yellen held a “candid and constructive” discussion with Chinese Premier Li Qiang in Beijing. on friday

US Treasury In a statement, Yellen “discussed the wishes of the[President Biden Working Group]to seek good economic competition with China that benefits both countries’ economies.” Including the American workforce and the business sector.”

US Treasury It also emphasized close communication with China on the issue. “Macro-economic and Global Finance and working together to address global challenges, including debt among low-income people and in emerging economies and financial issues related to global climate issues.”

China’s Ministry of Foreign Affairs issued a statement stating that The Chinese premier has said that the economic interests of the United States and China are closely related, and China’s development is more of an opportunity than a challenge for the United States. Beijing said Yellen said at the talks that the United States “is not looking for ‘disruption or disconnection’ and has no intention of disrupting China’s modernization process.”

A statement by the Chinese Foreign Ministry said: “China and the United States Coordination and cooperation should be strengthened. join hands to fight global challenges and promote common development.”

US Treasury Secretary Beginning a four-day visit to China, it called for market reforms in the world’s second-largest economy and warned that the United States would and the allied nations will fight back in what she calls China’s “unfair economic practices”

President Joe Biden tweeted Thursday. After Minister Yellen arrived in Beijing that “I have instructed the working group to deepen communication between the two countries on various issues, and I look forward to doing so during my (China) visit.”

U.S. Treasury Secretary’s visit to China that will end on Sunday This follows a visit by U.S. Secretary of State Anthony Blinken to China last month. In the case of Secretary Yellen There is an agenda for discussions with China in stabilizing the global economy. But on this visit to China Yellen has not scheduled a meeting with Chinese President Xi Jinping.

Contains some content from AP, AFP and Reuters.

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2023-07-07 19:52:35

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