Yellen sees 'progress' in rocky US-China ties, expects more communication
By Andrea Shalal
BEIJING (Reuters) -U.S. Treasury Secretary Janet Yellen said 10 hours of meetings with senior Chinese officials in recent days were «direct» and «productive», helping stabilise the superpowers' often rocky relationship as her four-day Beijing trip ended.
Before departing China on Sunday, Yellen said the United States and China remained at odds on a number of issues but expressed confidence that her visit had advanced efforts to put the relationship on «surer footing».
«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.
«But President (Joe) Biden and I do not see the relationship between the U.S. and China through the frame of great power conflict. We believe that the world is big enough for both of our countries to thrive.»
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.
Secretary of State Antony Blinken visited Beijing last month, the first trip by the top U.S. diplomat in Biden's presidency. Climate envoy John Kerry is expected to visit this month.
The U.S. diplomatic push comes ahead of a possible meeting between Biden and President Xi Jinping at September's Group of 20 summit in New Delhi or a Asia-Pacific Economic Cooperation gathering scheduled for November in San Francisco.
Yellen said her visit aimed to establish and deepen ties with China's new economic team, reduce the risk of misunderstanding and pave
Read more on investing.com
