During her visit to China, Treasury Secretary Janet Yellen emphasized the need for a shift in Beijing’s policy on industry and the economy. Yellen met with top Chinese officials, including Premier Li Qiang and Vice Premier He Lifeng, to discuss plans for China’s economy. The discussions focused on the importance of direct and open communication to address differences and make progress in the bilateral relationship. Yellen also highlighted the need for the U.S. and China to work together on issues such as global economic growth and anti-money laundering.
In discussions with Chinese officials, Yellen stressed the importance of balanced economic growth and financial stability. The U.S. and China agreed to start joint cooperation on anti-money laundering to expand efforts against illicit finance and financial crime. The Chinese side expressed concerns about U.S. trade restrictions but described the talks as constructive and emphasized the importance of maintaining communication on key economic issues. Yellen also met with Finance Minister Lan Fo’an, the mayors of Beijing and Guangzhou, representatives of U.S. businesses, and professors and students at Peking University during her visit.
Yellen’s visit to China marked an effort to strengthen the bilateral relationship and address key economic issues facing both countries. The discussions focused on the need for China to shift its policy on industry and the economy, with an emphasis on direct and open communication between officials. The U.S. and China agreed to deepen cooperation on issues such as global economic growth and anti-money laundering, highlighting the importance of working together to address common challenges.
Chinese Premier Li Qiang emphasized the importance of abiding by market economy norms and avoiding politicizing trade issues in discussions with Yellen. He highlighted China’s efforts to develop its new energy industry and contribute to global carbon neutrality goals. The two countries discussed balanced economic growth, financial stability, and anti-money laundering efforts, with both sides agreeing to maintain communication on key economic issues. Yellen’s meetings with top Chinese officials and other stakeholders aimed to promote cooperation and dialogue on shared economic concerns.
Overall, Yellen’s trip to China focused on promoting dialogue and cooperation between the U.S. and China on key economic issues. The discussions highlighted the need for a shift in Beijing’s policy on industry and the economy, as well as the importance of direct and open communication in addressing differences and making progress in the bilateral relationship. Both countries agreed to work together on issues such as global economic growth and anti-money laundering, emphasizing the shared goal of addressing common challenges and promoting economic stability. Yellen’s meetings with Chinese officials and other stakeholders aimed to strengthen ties and promote cooperation on key economic issues facing both countries.
