Beijing: Washington and Beijing Must communicate “directly” on concerns about specific economic practices, US Treasure Secretary Janet Yellen said on Saturday, urging greater cooperation despite strained relations between the world’s two biggest economies.
Yellen is on a four-day visit to Beijing as the United States seeks to expand areas of cooperation and ease tensions between the two countries.
In a meeting with Vice Premier He Lifeng on Saturday, he cited the record of bilateral trade last year as evidence of how interconnected they are. “There is enough room for our companies to engage in trade and investment,” he told them at the Diaoyutai State Guesthouse. “Where we have concerns about specific economic practices, we should communicate with them directly and we will.”
His bilateral meeting with them lasted for about five hours and was followed by dinner. A Treasury statement said he raised issues of concern in “frank” talks discussing the US vision of healthy economic competition.
Chinese officials Xinhua News Agency He said China “expressed concern” over US sanctions and sanctions but the two sides agreed to step up cooperation on global challenges.
Yellen told a roundtable of experts in China on Saturday that cooperation between the two powers on climate finance was “vital”. “As the two largest emitters of greenhouse gases in the world and the largest investors in renewable energy, we have a joint responsibility – and the ability to lead,” he said. “The United States and China must work together to deal with this existential threat,” he said.
Yellen is on a four-day visit to Beijing as the United States seeks to expand areas of cooperation and ease tensions between the two countries.
In a meeting with Vice Premier He Lifeng on Saturday, he cited the record of bilateral trade last year as evidence of how interconnected they are. “There is enough room for our companies to engage in trade and investment,” he told them at the Diaoyutai State Guesthouse. “Where we have concerns about specific economic practices, we should communicate with them directly and we will.”
His bilateral meeting with them lasted for about five hours and was followed by dinner. A Treasury statement said he raised issues of concern in “frank” talks discussing the US vision of healthy economic competition.
Chinese officials Xinhua News Agency He said China “expressed concern” over US sanctions and sanctions but the two sides agreed to step up cooperation on global challenges.
Yellen told a roundtable of experts in China on Saturday that cooperation between the two powers on climate finance was “vital”. “As the two largest emitters of greenhouse gases in the world and the largest investors in renewable energy, we have a joint responsibility – and the ability to lead,” he said. “The United States and China must work together to deal with this existential threat,” he said.