BEIJING – US Treasury Secretary Janet Yellen stated 10 hours of bilateral conferences with senior Chinese officers in latest days had been “direct” and “productive” and helped stabilize the customarily rocky relationship as her four-day Beijing journey drew to an in depth.
Yellen, who departs Beijing on Sunday, instructed a press convention the United States and China have important disagreements and so they have to be communicated “clearly and directly.”
“The US and China have significant disagreements,” Yellen instructed reporters on the US Embassy in Beijing.
“But President (Joe) Biden and I do not see the relationship between the US and China through the frame of great power conflict. We believe that the world is big enough for both of our countries to thrive.”
Yellen stated the target of the go to was to ascertain and deepen ties to China’s new financial workforce, scale back the danger of bewilderment and pave the way in which for cooperation in areas resembling local weather change and debt misery.
She reiterated that Washington was not looking for to decouple from China’s economic system, including doing so can be “disastrous for both countries and destabilizing for the world.”
But she stated the United States wished to see an “open, free and fair economy,” not one which forces nations to take sides.
Yellen’s go to has additionally included talks with local weather finance specialists, ladies economists and senior officers together with Premier Li Qiang.
In her conferences, she has urged extra cooperation between the edges on financial and local weather points whereas criticizing what she referred to as “punitive actions” towards US firms in China.
On Sunday, she reiterated she had raised “serious concerns” about what she referred to as China’s “unfair economic practices” and a latest uptick in coercive actions towards US companies.
“Healthy economic competition is only sustainable if it benefits both sides,” she stated.
Yellen additionally mentioned Russia’s warfare in Ukraine together with her Chinese interlocutors, and stated it was “essential” that Chinese companies keep away from offering Russia with materials help for the warfare, or in evading sanctions.
Both sides have downplayed expectations for breakthroughs through the talks whereas hailing the chance face-to-face diplomacy.
Yellen’s journey follows Secretary of State Antony Blinken’s journey to Beijing final month, the primary go to by the highest US diplomat of the Biden presidency, whereas local weather envoy John Kerry is predicted to go to China this month.
The US diplomatic push comes forward of a doable assembly between President Biden and Xi as quickly as September’s Group of 20 summit in New Delhi or the Asia-Pacific Economic Cooperation gathering scheduled for November in San Francisco.
“No one visit will solve our challenges overnight. But I expect that this trip will help build a resilient and productive channel of communication,” Yellen stated. —Reuters
Source: www.gmanetwork.com
