US Treasury Secretary Yellen and Chinese Premier Li Discuss Mutual Respect and Partnership
US Treasury Secretary Janet Yellen and Chinese Premier Li Qiang engaged in important discussions emphasizing mutual respect and partnership.
Strengthening Bilateral Relationship
Yellen mentioned that the ability to have open conversations over the past year has helped the US and China establish a more stable relationship.
Li echoed the sentiment, highlighting the importance of mutual respect and partnership between the two nations, emphasizing collaboration over rivalry.
Economic Concerns Addressed – EV Surplus
Yellen’s visit also aimed to address concerns about China’s surplus production in sectors like electric vehicles and clean energy products, impacting not only US producers but global markets.
During her visit to Guangzhou, Yellen and Vice Premier He Lifeng agreed to start a dialogue focusing on achieving balanced growth and fair competition to protect American interests.
Building Stability Through Direct Communication
Yellen’s recent visit marks her second trip to China in nine months, emphasizing the importance of direct communication to build stability in the relationship.
Both nations, as the world’s largest economies, have a responsibility to manage their relationship responsibly and cooperate on global challenges.
