Yellen says 'significant disagreements' remain in US-China relationship, but sees 'progress'
Janet Yellen holds meeting in China
U.S. Treasury Secretary Janet Yellen said her recent bilateral meetings with senior Chinese officials were productive and helped stabilize the relationship between the two world powers.
Yellen, who departs from Beijing on Sunday after a four-day visit, said the U.S. and China remained in disagreement on several issues, but she is confident that her visit moved forward U.S. plans to «put the U.S.-China relationship on surer footing.»
«The U.S. and China have significant disagreements,» Yellen said at a press conference at the U.S. embassy in Beijing, pointing to U.S. concerns about what she described as «unfair economic practices» and recent punishment against U.S. firms.
«But President Biden and I do not see the relationship between the U.S. and China through the frame of great power conflict,» she continued. «We believe that the world is big enough for both of our countries to thrive.»
YELLEN CALLS FOR CHINA COOPERATION ON CLIMATE FINANCE: IT'S ‘CRITICAL’ TO COMBAT THE EXISTENTIAL THREAT
Treasury Secretary Janet Yellen, left, speaks as Chinese Premier Li Qiang, right, listens during a meeting at the Great Hall of the People in Beijing, China, on July 7, 2023. (AP Photo/Mark Schiefelbein, Pool)
Yellen's visit comes as the U.S. federal government attempts to rekindle its relationship with China, which has been damaged in recent years over a number of issues, including Taiwan and technology.
Secretary of State Antony Blinken visited Beijing last month in his first visit under the Biden administration. Blinken initially planned to visit in February until the trip was canceled over the presence of what lawmakers in Washington called a Chinese spy balloon that was seen traveling across
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