U.S. Treasury Secretary Janet Yellen, in Beijing for meetings with top Chinese officials and American companies that do business in the country, said the U.S. welcomes healthy economic competition with China, but only if it's fair.
China's Finance Ministry said in a statement Friday that it hoped the U.S. would take"concrete actions" to improve the two countries' economic and trade ties going forward, stressing that there would be"no winners" in a trade war or from the two massive economies"decoupling."
Li, who had met Yellen previously, seemed to be in a receptive mood, telling Yellen in welcoming remarks that a rainbow had appeared as her plane landed from the U.S., and"there is more to China-U.S. relations than just wind and rain. We will surely see more rainbows." The goal of Yellen's trip is to pave the way for more bilateral talks, but she has a tough message to deliver, too: That the U.S. is not prepared to soften its stance on some of the things the Chinese are most angry about, including the controls on the sale of sophisticated U.S. technology to China.
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US Treasury Secretary Janet Yellen visits China as part of efforts to soothe strained relationsTreasury Secretary Janet Yellen arrived in Beijing on Thursday for meetings with Chinese leaders as part of efforts to revive relations that are strained by disputes about security, technology and other irritants.
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US Treasury Secretary Janet Yellen visits China as part of efforts to soothe strained relationsTreasury Secretary Janet Yellen has arrived in Beijing for meetings with Chinese leaders as part of efforts to revive relations that are strained by disputes about security, technology and other irritants.
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Treasury Secretary Janet Yellen visits China as part of efforts to soothe strained relationsTreasury Secretary Janet Yellen arrived in Beijing on Thursday for meetings with Chinese leaders as part of efforts to revive relations that are strained by disputes about security, technology and other irritants.
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U.S. Treasury Secretary Janet Yellen visits China as part of efforts to soothe strained relationsTreasury Secretary Janet Yellen plans to tell Chinese officials Washington wants healthy economic competition but will defend U.S. trade curbs imposed on security grounds and express concern about Beijing’s export controls on metals used in semiconductors and solar panels, a senior Treasury official said Thursday.
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U.S. Treasury Secretary Janet Yellen meets Chinese Premier Li Qiang'The United States will, in certain circumstances, need to pursue targeted actions to protect its national security,' U.S. Treasury Secretary Yellen said.
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