U.S. Treasury Secretary Janet Yellen sent a message of mutual cooperation at a meeting Sunday with Chinese Premier Li Qiang, highlighting the improvement in relations since her visit to China last year while recognizing that major differences remain.
U.S. Treasury Secretary Janet Yellen, left, meets Chinese Premier Li Qiang at the Great Hall of the People in Beijing, China, Sunday, April 7, 2024. Yellen, who arrived later in Beijing after starting her five-day visit in one of China’s …BEIJING —
Li, in remarks before the media before their meeting, said the high media interest in Yellen’s visit “shows the high expectation they have … and also the expectation and hope to grow” the U.S.-China relationship. Yellen came to China with trade practices that put American companies and workers at an unfair competitive disadvantage at the top of her agenda.
The U.S. and China on Saturday agreed to hold “ intensive exchanges ” on more balanced economic growth, according to a U.S. statement issued after Yellen and Chinese Vice Premier He Lifeng held extended meetings over two days in the southern city of Guangzhou. China had cut off talks on a range of issues in anger over a visit by then-U.S. House Speaker Nancy Pelosi to Taiwan in 2022. Tensions were further inflamed by a Chinese balloon that traversed America in early 2023 before being shot down by a U.S. fighter jet.
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