U.S. Treasury Secretary Janet Yellen met with Chinese Premier Li Qiang and emphasized the progress in bilateral relations while acknowledging the existing differences. The meeting focused on the broader U.S.-China relationship and aimed to strengthen cooperation. Yellen's visit is seen as a positive step following the meeting between Presidents Biden and Xi Jinping.
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. After focusing on trade and economic issues for the first two days of her visit, Yellen turned to the broader U.S. - China relationship in the meeting with Li, one of China 's top leaders.
“While we have more to do, I believe that, over the past year, we have put our bilateral relationship on more stable footing,” she said in the ornate Fujian room of the Great Hall of the People on the west side of Tiananmen Square. Yellen, who is regarded favorably in China, is the first Cabinet member to visit since Presidents Joe Biden and Xi Jinping met in California in November in a carefully orchestrated meeting to set the troubled relationship between their countries on a better course. 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. China's emergence as an economic and military power has created a rivalry with the long dominant United States. The U.S. has restricted China's access to advanced semiconductors and other technology, saying it could be used for military purposes. China, still a middle-income country, accuses the U.S. of trying to constrain its economic developmen
U.S. Treasury Secretary Janet Yellen China Relations Meeting Cooperation Progress Differences Trade Economic Issues Bilateral Relationship Stable Footing Chinese Premier Li Qiang Leaders Media Interest Expectation U.S.-China Relationship Rivalry Restricted Access Semiconductors Technology Military Purposes Middle-Income Country Economic Development
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