Ten hours of meetings with Chinese officials helped stabilize the rocky relationship, the treasury secretary said.
Yellen: meetings with Chinese officials direct, productiveBEIJING, July 9 - U.S. Treasury Secretary Janet Yellen said 10 hours of bilateral meetings with senior Chinese officials in recent days were "direct" and "productive", helping stabilise the often rocky relationship as her four-day Beijing trip ended.
"The U.S. and China have significant disagreements," Yellen told a press conference at the U.S. embassy in Beijing, citing Washington's concerns about what she called "unfair economic practices" and recent punitive actions against U.S. firms. With U.S.-China relations at a low over national security issues, including Taiwan, U.S. export bans on advanced technologies and China's state-led industrial policies, Washington has been trying to repair ties between the world's two biggest economies.visited Beijing last month, the first trip by the top U.S. diplomat of Biden's presidency. Climate envoy John Kerry is expected to visit this month.
Yellen said her visit aimed to establish and deepen ties to China's new economic team, reduce the risk of misunderstanding and pave the way for cooperation in areas such as climate change and debt distress.
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